The annualized number is the number of trading days in a year. This and the length might need adjusting for the extra bars that might be in or other markets. The number does not have to be a year. For example, it can be a month if you set the number to 20 or so trading days to find how much you would make in a month if price continues at its current pace, etc. This can also be used as an alternative to or .
Changed the value to show percentage.
This indicator is like rate of change but lags in order to give less weight to the outliers or the prices that don't fit the exponential regression line.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.