OPEN-SOURCE SCRIPT
TASC 2023.11 VAcc

█ OVERVIEW
The November 2023 edition of TASC's Traders' Tips features an article titled "VAcc: A Momentum Indicator Based On Velocity And Acceleration" by Scott Cong. This script implements the author's momentum indicator based on simple physics concepts.
█ CONCEPTS
The indicator is named VAcc as it is derived from the average velocity (V) and acceleration (Acc) over a specified lookback period. Consequently, its readings reflect two valuable characteristics of price data: rate (indicating the speed at which the price is moving) and rate of change (indicating whether the price is speeding up or slowing down).
In the article, the author reports that for longer periods, VAcc behaves similarly to the MACD, albeit with a more responsive nature. For shorter periods, VAcc exhibits characteristics reminiscent of the stochastic oscillator, but it trends more prominently and is less prone to overbought/oversold saturation.
To incorporate VAcc into trading strategies, the author suggests considering the following two permutations for the velocity and acceleration data series:
In the current implementation, the chart displays the average velocity as a line, while the average acceleration is presented as a histogram.
█ CALCULATIONS
The calculation of VAcc involves the following steps:
The November 2023 edition of TASC's Traders' Tips features an article titled "VAcc: A Momentum Indicator Based On Velocity And Acceleration" by Scott Cong. This script implements the author's momentum indicator based on simple physics concepts.
█ CONCEPTS
The indicator is named VAcc as it is derived from the average velocity (V) and acceleration (Acc) over a specified lookback period. Consequently, its readings reflect two valuable characteristics of price data: rate (indicating the speed at which the price is moving) and rate of change (indicating whether the price is speeding up or slowing down).
In the article, the author reports that for longer periods, VAcc behaves similarly to the MACD, albeit with a more responsive nature. For shorter periods, VAcc exhibits characteristics reminiscent of the stochastic oscillator, but it trends more prominently and is less prone to overbought/oversold saturation.
To incorporate VAcc into trading strategies, the author suggests considering the following two permutations for the velocity and acceleration data series:
- Strong upward condition: Velocity is rising, and acceleration is rising above zero.
- Strong downward condition: Velocity is falling, and acceleration is falling.
In the current implementation, the chart displays the average velocity as a line, while the average acceleration is presented as a histogram.
█ CALCULATIONS
The calculation of VAcc involves the following steps:
- For the current closing price, C, and for each bar C(i) within a specified lookback period from the current bar, the script calculates velocities, V(i) = (C - C(i))/i. These velocities are then subjected to an exponential moving average to obtain the smoothed average velocity.
- Similarly, for each bar within the lookback period, accelerations are calculated as Acc(i) = (V - V(i))/i and then averaged without smoothing.
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Tools and ideas for all Pine coders: tradingview.com/u/PineCoders/
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TASC: traders.com/
Pine news broadcasts: t.me/PineCodersSquawkBox or twitter.com/PineCoders
TASC: traders.com/
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Tools and ideas for all Pine coders: tradingview.com/u/PineCoders/
Pine news broadcasts: t.me/PineCodersSquawkBox or twitter.com/PineCoders
TASC: traders.com/
Pine news broadcasts: t.me/PineCodersSquawkBox or twitter.com/PineCoders
TASC: traders.com/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。