Velocity Indicator [CC]

cheatcountry アップデート済   
The Velocity Indicator was created by Scott Cong (Stocks and Commodities Sep 2023, pgs 8-15). This is my variation of his formula designed to capture the overall velocity of the underlying stock by applying the typical velocity formula. This indicator is visually similar to a typical stochastic indicator but uses a different underlying calculation. This works well as a momentum indicator, and the values are completely unbounded, so the best ways to determine bullish or bearish trends is either by using a crossover or crossunder between the indicator and the midline or to buy or sell the indicator when it reaches a high or low point and starts to fall or rise respectively. For my default version, I used the zero line to help determine the bullish or bearish trends. I have also included multiple colors to differentiate between very strong signals and normal signals, so very strong signals are darker in color, and normal signals use lighter colors. Buy when the line turns green and sell when it turns red.

Let me know if there are any other indicators or scripts you would like to see me publish! I will have some more new scripts in the next week or so.
Changed the default moving average used for smoothing to wma instead since it offers much lower default lag

I created the largest stock indicator library:

Custom Indicator Requests:

Tips are appreciated:

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。