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Do libraries exist to calculate market velocity?

That is, if the market is is completely bullish the value would return something like '1.0' whereas if the market where sideways we'd get a '0.0' and if the market where in a straight plumet you would get a return of '-1.0'.

Does such a thing, or comparable, exist?

1 response

Hi Jackson,

There is no library function that directly gives you but take a look at Seong's post in this thread. You might find the strategy he implements helpful and similar to what you are trying to do.

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