OPEN-SOURCE SCRIPT
Velocity Divergence Radar [JOAT]
Velocity Divergence Radar - Momentum Physics Edition
Overview
Velocity Divergence Radar is an open-source oscillator indicator that applies physics concepts to market analysis. It calculates price velocity (rate of change), acceleration (rate of velocity change), and jerk (rate of acceleration change) to provide a multi-dimensional view of momentum. The indicator also includes divergence detection and force vector analysis.
What This Indicator Does
The indicator calculates and displays:
- Velocity - Rate of price change over a configurable period, smoothed with EMA
- Acceleration - Rate of velocity change, showing momentum shifts
- Jerk (3rd Derivative) - Rate of acceleration change, indicating momentum stability
- Force Vectors - Volume-weighted acceleration representing market force
- Kinetic Energy - Calculated as 0.5 * mass (volume ratio) * velocity squared
- Momentum Conservation - Tracks momentum relative to historical average
- Divergence Detection - Identifies when price and velocity diverge at pivots
How It Works
Velocity is calculated as smoothed rate of change:
Acceleration is the change in velocity:
Jerk is the change in acceleration:
Force is calculated using F = m * a (mass approximated by volume ratio):
Signal Generation
Signals are generated based on velocity behavior:
- Bullish Divergence: Price makes lower low while velocity makes higher low
- Bearish Divergence: Price makes higher high while velocity makes lower high
- Velocity Cross: Velocity crosses above/below zero line
- Extreme Velocity: Velocity exceeds 1.5x the upper/lower zone threshold
- Jerk Extreme: Jerk exceeds 2x standard deviation
- Force Extreme: Force magnitude exceeds 2x average
Dashboard Panel (Top-Right)
- Velocity - Current velocity value
- Acceleration - Current acceleration value
- Momentum Strength - Combined velocity and acceleration strength
- Radar Score - Composite score based on velocity and acceleration
- Direction - STRONG UP/SLOWING UP/STRONG DOWN/SLOWING DOWN/FLAT
- Jerk - Current jerk value
- Force Vector - Current force magnitude
- Kinetic Energy - Current kinetic energy value
- Physics Score - Overall physics-based momentum score
- Signal - Current actionable status
Visual Elements
- Velocity Line - Main oscillator line with color based on direction
- Velocity EMA - Smoothed velocity for trend reference
- Acceleration Histogram - Bar chart showing acceleration direction
- Jerk Area - Filled area showing jerk magnitude
- Vector Magnitude - Line showing combined vector strength
- Radar Scan - Oscillating pattern for visual effect
- Zone Lines - Upper and lower threshold lines
- Divergence Labels - BULL DIV / BEAR DIV markers
- Extreme Markers - Triangles at velocity extremes
Input Parameters
- Velocity Period (default: 14) - Period for velocity calculation
- Acceleration Period (default: 7) - Period for acceleration calculation
- Divergence Lookback (default: 10) - Bars to scan for divergence
- Radar Sensitivity (default: 1.0) - Zone threshold multiplier
- Jerk Analysis (default: true) - Enable 3rd derivative calculation
- Force Vectors (default: true) - Enable force analysis
- Kinetic Energy (default: true) - Enable energy calculation
- Momentum Conservation (default: true) - Enable momentum tracking
Suggested Use Cases
- Identify momentum direction using velocity sign and magnitude
- Watch for divergences as potential reversal warnings
- Use acceleration to detect momentum shifts before price confirms
- Monitor jerk for momentum stability assessment
- Combine force and kinetic energy for conviction analysis
Timeframe Recommendations
Works on all timeframes. Higher timeframes provide smoother readings; lower timeframes show more granular momentum changes.
Limitations
- Physics analogies are conceptual and not literal market physics
- Divergence detection uses pivot-based lookback and may lag
- Force calculation uses volume ratio as mass proxy
- Kinetic energy is a derived metric, not actual energy
Open-Source and Disclaimer
This script is published as open-source under the Mozilla Public License 2.0 for educational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management.
- Made with passion by officialjackofalltrades
Skrypt open-source
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
The Institutional Grade Trading Ecosystem, Built to win trades 📈
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.