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Re: Velocity - Momentum & ROC Indicators

kvak, Tue Jan 28, 2025 9:55 am

Kayleb wrote: Tue Jan 28, 2025 4:28 am Hello Jimmy,

first of all, thank you for this fantastic indicator! It works perfectly, and I truly appreciate the effort you've put into developing it.

I have a small suggestion for an enhancement:
Could you add an option to use alternative smoothing methods, such as moving averages (from the All Average indi), alongside the current dynamic smoothing?
I believe this would make the indicator more versatile and better suited to different trading strategies.

Current Calculation:
Currently, smoothing is implemented as follows:
wrk[r][volty+s] = wrk[r-1][vsum+s] + (wrk[r][volty+s]-wrk[r-forBar][volty+s])*div;

Proposed Extension:
The idea is to introduce a selection option to choose between:
Dynamic smoothing (as it is now)
Moving averages (SMA, EMA, and all the others from the AllAverage indicator)

This would provide users with more control over the smoothing method, which could be useful in different market conditions.
Thank you in advance, and once again, kudos for your excellent work!

Best regards,
Kayleb
Hello, I remade indicator from my post above , maybe find it useful....
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