Carrey's Velocity and Acceleration

2022년 7월 26일

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.

2022년 7월 29일

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Updates

2022년 7월 29일

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Changed acceleration plot to be histogram for easier viewing and understanding

2022년 7월 29일

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Added quick MA settings

2022년 8월 18일

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Distribution and Cluster signals now show proper directionality as previous configuration was only temporary (as well as misleading).

2022년 8월 18일

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Added feature to clear up repeated Cluster/Distribution signals.

2022년 8월 18일

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Typo correction

2022년 8월 29일

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Identifies crosses beyond extrema and requires a cluster to be inside of extrema

2022년 8월 31일

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Added in OBV and OBV Speed element

2022년 8월 31일

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Bug fix

2022년 8월 31일

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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.

2022년 9월 1일

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Added Avg OBV Scale for visual control

2023년 1월 8일

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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/