Change - Rate of Change (Velocity)

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Change - Rate of Change (Velocity)

Variable List Abbreviation: Velocity

 

Variable Mode(s): Standard, Stock, Futures1, and Futures2

[ Note: uses selected close variable in Stock, Futures1, and Futures2 modes ]

 

Parameter(s): Velocity periods back

 

Description:

Rate of change between current value and value n time periods ago.

 

Calculation:

Velocity = (current value - value n time periods ago) / n

Note:  Velocity periods back must be greater than zero