OPEN-SOURCE SCRIPT
Updated Velocity
Describe the Speed of Change on the Certain Length
Release Notes
Derived from the Formula of Velocity Velocity (v) is a vector quantity that measures displacement (or change in position, Δs) over the change in time (Δt), represented by the equation v = Δs/Δt.
Calculated the intensity of Change from a certain distance
Best use in higher timeframe (30m, 1hr, 4hr, 1D)
Also plot Directional Acceleration.
With Moving Average.
Release Notes
Updated VisualsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.