OPEN-SOURCE SCRIPT
Updated Mathematical Derivatives of Price
This indicator is meant to show the Velocity (1st order derivative), Acceleration (2nd order derivative), Jerk (3rd order derivative), Snap (4th order derivative), Crackle (5th order derivative), & Pop (6th order derivative) of price. The values at the top of the indicator window are in this order from left to right. I don't particularly know how this would be used in a trading strategy, but if you're ever curious about how quickly price is moving and how much it is accelerating, then you could use this tool.
*If you only care about velocity and acceleration, and don't like how squished the window is because of the long decimal numbers then edit the "precision" value in the first line of the script to a smaller number of your choosing.*
*If you only care about velocity and acceleration, and don't like how squished the window is because of the long decimal numbers then edit the "precision" value in the first line of the script to a smaller number of your choosing.*
Release Notes
New Version fixes the Time variable.Release Notes
Updated script notes.Open-source script
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.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.
Open-source script
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.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.