Price Acceleration Momentum [PAM] — Indicator by dardygook

oscillator centeredoscillator rateofchange

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

Release Notes:

added the option to use EMA or SMA as options other than RMA

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 a 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.

Want to use this script on a chart?