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OPEN-SOURCE SCRIPT

Velocity

By Gabgabb369
Updated
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 Visuals
Accelerator Oscillator (AC)Rate of Change (ROC)velocityvelocityrun

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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Gabgabb369

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