OPEN-SOURCE SCRIPT
Moving Average Rate of change
This indicator measures rate of change of moving average.
Steps to derive are as follows:
Steps to derive are as follows:
- Calculate moving average of Source based on Moving Average Type and Moving Average Length
- Find the difference between moving average value of present bar and LoopbackPeriod bars back.
- Calculate ROC of moving average with respect to either Moving average itself or with respect to close price. PercentOfSource when unchecked calculates percent based on Moving Average. If not based on close price.
- Calculate moving average of ROC based on ROC Moving Average Type and ROC Moving Average Length.
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.