OPEN-SOURCE SCRIPT
MaxWarren's Pine Acceleration - 2nd Derivative
This is the acceleration of a chart written in pine. It's the second derivative otherwise the derivative of the momentum.
It shows how fast a stock's momentum is changing and in what direction.
As standard I left the controls in the settings for source and length of the estimate.
I will be incorporating this in other more complicated scripts here shortly
It shows how fast a stock's momentum is changing and in what direction.
As standard I left the controls in the settings for source and length of the estimate.
I will be incorporating this in other more complicated scripts here shortly
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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