VEL measures the speed and direction of trending price action. VEL is much smoother than classic momentum analysis. This particular indicator plots VEL and a trailing moving average.

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 plot line changes color depending on VEL's value and slope. You can apply NinjaTrader's color menu to select your choice of colors.

• 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.