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VEL + thresholds


VEL measures the speed and direction of trending price action. VEL is much smoother than classic momentum analysis. This particular indicator plots VEL and two user defined threshold lines. Highlighted areas where VEL extends beyond these thresholds signal when unusually fast market trends occurred.

We have two versions of this indicator for Ninjatrader. The standard version (not shown here) uses only one VEL function. In the "blend" version (displayed here) the user controls a mixture of a fast and slow VEL, delivering performance better tuned to your specific market. In both versions, the extended areas are highlighted in white. You can apply NinjaTrader's color menu to select your choice of color.

  • Visual results may vary, and will depend on chart time frame, chart bar type, market symbol and indicator parameter values.

  • All Jurik indicators are optimized to display over a black background.

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