MaxWarren

MaxWarren's Pine Acceleration - 2nd Derivative

This is the acceleration of a chart written in pine. It's the second derivative otherwise the derivative of the momentum.

It shows how fast a stock's momentum is changing and in what direction.

As standard I left the controls in the settings for source and length of the estimate.

I will be incorporating this in other more complicated scripts here shortly
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study(title="MaxW's DMA", shorttitle="MaxW's DMA", overlay=false)
dAccuracy = input(1, minval=1, title="Derivative Estimate")
dSrc = input(close, title="Source")
slope = (dSrc - dSrc[dAccuracy]) / dAccuracy
aAccuracy = input(1, minval=1, title="Acceleration Estimate")
dSlope = (slope - slope[aAccuracy]) / aAccuracy
plot(dSlope)
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