OPEN-SOURCE SCRIPT
ALMA Physics
A super simple yet elegant indicator, "ALMA Physics" calculates the derivatives of the Arnaud Legoux Moving Average (ALMA) with respect to Time. Both the ALMA parameters and the time variable can be modified in the indicator's settings.
derivatives "physics":
Blue - ALMA Velocity (dALMA / dt)
Magenta - ALMA Acceleration (d_Velocity / dt)
White - ALMA Jerk (d_Acceleration / dt)
The indicator may be used to gauge market momentum. The simple code can also be used for pedagogical purposes for anyone interested in developing indicators in TradingView.
derivatives "physics":
Blue - ALMA Velocity (dALMA / dt)
Magenta - ALMA Acceleration (d_Velocity / dt)
White - ALMA Jerk (d_Acceleration / dt)
The indicator may be used to gauge market momentum. The simple code can also be used for pedagogical purposes for anyone interested in developing indicators in TradingView.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
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.