OPEN-SOURCE SCRIPT
SMU ROC Candles
This script creates a ROC in a candle format so you can see the rate of Change in a candle format and compare it with the actual price candle. Larger candles can be interpreted as a signal to change or start of a new trend.
You can adjust the ROC length and Scale in the setting.
I think ROC candles has lots of potential to magnify the price movements. Look how large candles are formed when market change direction.
Hope this inspire those with better scripting experience to take it to the next level.
You can adjust the ROC length and Scale in the setting.
I think ROC candles has lots of potential to magnify the price movements. Look how large candles are formed when market change direction.
Hope this inspire those with better scripting experience to take it to the next level.
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.