NetSpeed Indicator is described as 'A cleaner and simpler way to monitor network connection speed on your Android devices. NetSpeed Indicator shows your current internet speed in the status bar. The notification area shows a clean and unobtrusive notification displaying live upload/download speed and/or daily' and is an app in the network & admin category. There are 2 alternatives to NetSpeed Indicator for Android, Android Tablet and F-Droid. The best NetSpeed Indicator alternative is Data Monitor, which is both free and Open Source.
“Data Monitor" is a user-friendly, free and open source app for you to manage your data usage. “Data Monitor" helps you to accurately measure your daily data traffic, and analyze the data in a way easy to understand.
Internet Speed Meter Lite displays your internet speed in status bar and shows the amount of data used in notification pane. This helps you to monitor network connection anytime while using your device.
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Data Monitor is the best alternative as it's the only one that's open sourced.