OPEN-SOURCE SCRIPT
Price Acceleration Momentum [PAM]
Updated
this indicator plots the acceleration of the price using the derivatives of RSI.
you can use it just like a momentum oscillator to catch divergences, trend direction, breakout direction, etc
you can use it just like a momentum oscillator to catch divergences, trend direction, breakout direction, etc
Release Notes
added the option to use EMA or SMA as options other than RMAOpen-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.
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