Shows value and derivative of value in the histogram. The histogram shows 1st or 2nd order derivative as indicated in the settings. The derivative value represents the slope, the direction of change and change rate of the value, aiming to give influence on possible trend turns on value, ideally the possible direction change of /price before the actual turn.
- 1st order derivative represents the increase or decrease of the value, shown as positive or negative histogram value respectively;
- Similarly, 2nd order derivative represents the increase or decrease in the difference of the 1st order derivative value, represented via the histogram.
Both of the derivative functions are according to the value difference of n-th bar. The value n is customizable in the settings.
The indicator is based on the source code of built-in indicator excluding the signal and the usual histogram calculations, i.e. the signal is removed and the histogram shows the 1st or 2nd derivative of the value.
For example: You can not get information about the future price via this indicator but some supportive information and visualization on the trend change such as "The uptrend is slowing down, and this slowing down is getting quicker."
Disclaimer: It is NOT recommended to open or close positions based solely on this indicator. The derivative value answers only one question, i.e. the change in last value. Does not indicate any future value and I mean it.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.