Velocity (v) is a vector quantity that measures displacement (or change in position, Δs) over the change in time (Δt), represented by the equation v = Δs/Δt.
Calculated the intensity of Change from a certain distance
Best use in higher timeframe (30m, 1hr, 4hr, 1D)
Also plot Directional Acceleration.
With Moving Average.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.