umur.ozkul

Rate of change[UO]

Shows the rate of change of prices. The rate of change is the percent "change" of the related bar.
  • When tje rate of change is too different, there is a trade opportunity.
  • Seeing the rate of change you can guess if you can judge if you are making a good trade

Yes the information is already on the bar chart but without knowing you might easily miss the importance of that %10 change over there.
Open-source script

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.

Disclaimer

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