OPEN-SOURCE SCRIPT
Обновлено Carrey's Velocity and Acceleration
This is initially based on the MA Speed indicator from TradeStation (tradingview.com/v/4j9HWCVA/) and expanded upon greatly. This implements 3 different variable MAs and calculates and plots both speed and acceleration of each. Also, a single line composite option is included for both speed and acceleration that changes color based on directional confluence of each MA's speed/acceleration. Additionally, optional labels are included to show where the 3 MAs are clustered, and a volatile move is expected, and where they are more distributed, expecting a temporary reversal.
The additional acceleration concept comes from kinematics in physics. Utilizing time-based derivatives, we can calculate the velocity and acceleration of the moving averages, which can help us identify momentum of price action and locate reversals sooner.
The additional acceleration concept comes from kinematics in physics. Utilizing time-based derivatives, we can calculate the velocity and acceleration of the moving averages, which can help us identify momentum of price action and locate reversals sooner.
Информация о релизе
UpdatesИнформация о релизе
Changed acceleration plot to be histogram for easier viewing and understandingИнформация о релизе
Added quick MA settingsИнформация о релизе
Distribution and Cluster signals now show proper directionality as previous configuration was only temporary (as well as misleading).Информация о релизе
Added feature to clear up repeated Cluster/Distribution signals.Информация о релизе
Typo correctionИнформация о релизе
Identifies crosses beyond extrema and requires a cluster to be inside of extremaИнформация о релизе
Added in OBV and OBV Speed elementИнформация о релизе
Bug fixИнформация о релизе
Please look at the tooltip for the OBV Average should you choose to use it. OBV Average is useful to normalize the OBV chart when using the other elements of this indicator. If not for this bug, OBV Avg would be the default setting. However, due to this bug, the OBV is a completely optional tool for the public to use (discover?) that encourages recognizing the significance of calibrating your particular indicator should you choose to use it how I intend to set the next default. Информация о релизе
Added Avg OBV Scale for visual controlИнформация о релизе
Removed OBV in favor of VFI as it yields more accurate results than what I was attempting. This is courtesy of our good friend Lazy Bear and you can find the original script for VFI at tradingview.com/script/MhlDpfdS-Volume-Flow-Indicator-LazyBear/Скрипт с открытым кодом
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.
Отказ от ответственности
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.
Скрипт с открытым кодом
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.
Отказ от ответственности
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.