OPEN-SOURCE SCRIPT
Learning Understanding ta.change
//First script I have published. Constructive criticism is welcome.
// I hope this may be helpful to you.
// Initially, I did this for myself as I was getting some odd results from the ta.change function. Turns out it was my error LOL. What a surprise!
// Typical syntax: ta.change(source, value)
// value doesn't need to be included. If it isn't, it will only calculate the change between the last and current value.
// Conclusion. ta.change simply calculates the difference between a previous value/candle and the latest value/candle current value in that series. Positive number states that the recent is higher.
// Bonus :-) Function on line 34 outputs the changes in a positive figure (so as to be able to sum the changes/volatility of the series of values)
// I hope this may be helpful to you.
// Initially, I did this for myself as I was getting some odd results from the ta.change function. Turns out it was my error LOL. What a surprise!
// Typical syntax: ta.change(source, value)
// value doesn't need to be included. If it isn't, it will only calculate the change between the last and current value.
// Conclusion. ta.change simply calculates the difference between a previous value/candle and the latest value/candle current value in that series. Positive number states that the recent is higher.
// Bonus :-) Function on line 34 outputs the changes in a positive figure (so as to be able to sum the changes/volatility of the series of values)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.