🏁 Recovery Speedometer
How far and how fast is price bouncing back?
After a decline, two questions matter: how much of the drop has been recovered and how quickly. The Recovery Speedometer measures where price sits within its 60-bar low-to-high range and how fast it has moved over the last 10 bars relative to ATR. Blending the two gives a 0-100 dial for recovery progress and pace.
Running live on a simulated market ·
The exact formula
lo = LOWEST(low, 60)
hi = HIGHEST(high, 60)
IF (hi - lo) == 0 THEN progress = 50 ELSE progress = 100 * (close - lo) / (hi - lo)
a = ATR(14)
IF a == 0 THEN pace = 0 ELSE pace = (close - close[10]) / a
paceScore = MAX(0, MIN(100, 50 + 10 * pace))
speed = 0.5 * progress + 0.5 * paceScore
OUTPUT speed // 0-100 score
How to read it
- Above 70: price has recovered much of its range and is moving up briskly.
- 40 to 70: partial recovery at a moderate pace.
- Below 30: price is near its lows and still moving down or stalling.
- Rising readings after a sell-off show the bounce is gaining traction; stalling readings show it may be losing steam.
Why it might help
It separates a slow grind from a sharp rebound, which can be useful context after market drops. Investors can use it to follow recoveries calmly instead of guessing.
Limitations
- Most meaningful after a clear decline; less so in steady uptrends.
- The 60-bar window may miss longer drawdowns.
- Short bursts can make pace jump temporarily.
Educational only – not financial advice. This page explains ideas and reports the news. It is not a recommendation to buy, sell or hold anything. Markets go up and down and you can lose money. Do your own research and consider talking to a licensed adviser.