Very old version of jurik velocity, from what I can make of the code, which is really Jurik's version of momentum.chickensword wrote: Sat Feb 25, 2023 11:50 am Yeehaw!! This is a gem! Thank you so much!
Do you know what the calculation definition is?
At the beginning of the thread i only see momentum & roc description
Something like floating levels?Woodyz wrote: Tue Mar 07, 2023 10:28 pm This is a velocity smoothed with Heiken Ashi smoothed. Don't really think velocity needed much smoothing but seems the ha smoothing may have mellowed it out somewhat. Added fill and alerts. The fill will change colors depending on the lines moving closer together or moving further apart. The alerts are one the lines crossing.
Hi MrTools
Just a thought.................
Is it possible to include upper and lower levels that will portray that price maybe over extended & a good time to keep an eye out for a possible trade?.
But only if you think this may help.
To be fair I prefer fixed levels, but whatever you believe to be the best fit for the job to show us areas of interest where price maybe over extended & getting positioned for a pullback or reversal.
The problem is velocity has no upper or lower bounds to use fixed levels.Woodyz wrote: Wed Mar 08, 2023 2:59 am To be fair I prefer fixed levels, but whatever you believe to be the best fit for the job to show us areas of interest where price maybe over extended & getting positioned for a pullback or reversal.
That's ok Sir..........Appreciate you looking into it.mrtools wrote: Wed Mar 08, 2023 4:37 am The problem is velocity has no upper or lower bounds to use fixed levels.
This indicator is a gem, great work!mrtools wrote: Tue Mar 07, 2023 9:04 am Velocity Smoothed with Heiken Ashi
This is a velocity smoothed with Heiken Ashi smoothed. Don't really think velocity needed much smoothing but seems the ha smoothing may have mellowed it out somewhat. Added fill and alerts. The fill will change colors depending on the lines moving closer together or moving further apart. The alerts are one the lines crossing.
ps) forgot to mention the indicator is using the ha smoothed step feature which gives the indicator a stepped like appearance, like the second screenshot below.
Added divergence.Marco_Sousa wrote: Wed Mar 22, 2023 3:37 am This indicator is a gem, great work!
Do you think Divergence could be added?