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...
![AAPL: Velocity Indicator [CC]](https://s3.tradingview.com/k/Kih8bwtZ_mid.png "Velocity Indicator [CC]")
