Description: This study plots a combination Rate of Change Indicator (ROC) and Smoothed Rate of Change (SROC) indicators. The ROC and SROC are momentum indicators and can be used in ranging or trending markets, please refer to the references for further details of how to use the indicators.
@sal157011, Yes they are the same, I have tested it with direct comparison.
vasiliosk2008
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There is difference with the built in ROC. The built in ROC agrees more with price action.
UnknownUnicorn2955934
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Finding this indicator incredibly useful. Thanks!
shihabekek54
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Ok
blxckclothes
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This is easily one of the most useful indicators I have ever used. I personally prefer to use this for good exits, this is where I think this indicator is really great.
Dao_De_Trading
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Nice addition to the ROC line, thank you. Would be much appreciated if ability to offset, or move the ROC line forward in time on the chart. I've been looking for a ROC indicator on TV here with which I may move the line forward up to several years. For example, a 12 month ROC of the CPI, set forward 2 years, is an excellent method for predicting US Unemployment rate, as another tool for forecasting recessionary conditions. Thank You