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[KA] Rate of Change

ka66  
Oscillators
35
0
oscillator
Rate of Change (ROC)

Given a source series, calculates a running Rate of Change -- simply the percentage difference between the current value of said source to the value N bars back.

One nicety here, compared to the stock tradingview indicator is allowance to force plot certain bounds. This allows more visibility on the relative movement of the series within the plotted bounds.

For example, you know the particular bounds for a timeframe, and can visibly see when those bounds are violated.

See:

StockCharts ROC Explanation


Inputs:

  • Source Series, anything indicator series on chart
  • N Bars, the reference no. of bars to compare change since.
  • Mandatory % Bounds, if value specified, this +value and -value, will be plotted
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

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.

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