PROTECTED SOURCE SCRIPT
Rate Of Change

๐ ืืกืืจ ืขื ืืืื ืืืงืืืจ | Indicator Explanation
ืขืืจืืช:
1๏ธโฃ VWAP ืฉื ืฉืื ืื ืืืืืจ: ืืืฉื ืืืืฆืข ืืฉืืงืื ืืคื ื ืคื (VWAP) ืฉื ืืืคืจืฉ ืืื ืืืืจ ืืกืืืจื ืื ืืืื ืืืืืจ ืืคื ื ืืืืืฉ โ ืืืคืฉืจ ืืืืื ืื ืืืืืจ ื ืข ืืขื ืื ืืชืืช ืืืืืฆืข ืืืืจืื.
2๏ธโฃ ืงืฆื ืฉืื ืื (ROC) ืืืืฆืข: ืืืื ืืช ืืืื ืืฉืื ืื ืืืืืจ ืืืืจื 8 ื ืจืืช, ืืื ืืืฉื ืขืืื VWAP ืืื ืืืืืืง ืชื ืืืืช ืืืืช.
๐ข ืืงื ืืืชืื ืืืืฆื ืืช ื-VWAP ืฉื ืงืฆื ืืฉืื ืื, ืืืงื ืืฉื ื ืืช ืขืจืื ื-ROC ืขืฆืื.
ื"ื ืืขืชืื ืืฆืืจ ืืจืกื ืืื ืืืช ืฉืชืืคืจ ืืืฉืชืืฉ ืืฉืืื ืืืชืจ ืืืื ืืื.
English:
1๏ธโฃ VWAP of Price Difference: Calculates a volume-weighted average (VWAP) of the difference between the current close price and the close from Month ago โ showing if the price is trending above or below its recent average.
2๏ธโฃ Smoothed Rate of Change (ROC): Measures the 8-bar price change percentage, then smooths it with VWAP to reduce noise and highlight the trend direction.
๐ข The orange line shows the VWAP of the ROC, while the other line shows the raw ROC values.
next Version be with GUI improvements stat tuned :)
ืขืืจืืช:
1๏ธโฃ VWAP ืฉื ืฉืื ืื ืืืืืจ: ืืืฉื ืืืืฆืข ืืฉืืงืื ืืคื ื ืคื (VWAP) ืฉื ืืืคืจืฉ ืืื ืืืืจ ืืกืืืจื ืื ืืืื ืืืืืจ ืืคื ื ืืืืืฉ โ ืืืคืฉืจ ืืืืื ืื ืืืืืจ ื ืข ืืขื ืื ืืชืืช ืืืืืฆืข ืืืืจืื.
2๏ธโฃ ืงืฆื ืฉืื ืื (ROC) ืืืืฆืข: ืืืื ืืช ืืืื ืืฉืื ืื ืืืืืจ ืืืืจื 8 ื ืจืืช, ืืื ืืืฉื ืขืืื VWAP ืืื ืืืืืืง ืชื ืืืืช ืืืืช.
๐ข ืืงื ืืืชืื ืืืืฆื ืืช ื-VWAP ืฉื ืงืฆื ืืฉืื ืื, ืืืงื ืืฉื ื ืืช ืขืจืื ื-ROC ืขืฆืื.
ื"ื ืืขืชืื ืืฆืืจ ืืจืกื ืืื ืืืช ืฉืชืืคืจ ืืืฉืชืืฉ ืืฉืืื ืืืชืจ ืืืื ืืื.
English:
1๏ธโฃ VWAP of Price Difference: Calculates a volume-weighted average (VWAP) of the difference between the current close price and the close from Month ago โ showing if the price is trending above or below its recent average.
2๏ธโฃ Smoothed Rate of Change (ROC): Measures the 8-bar price change percentage, then smooths it with VWAP to reduce noise and highlight the trend direction.
๐ข The orange line shows the VWAP of the ROC, while the other line shows the raw ROC values.
next Version be with GUI improvements stat tuned :)
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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
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.