ROC
Price Rate of Change
Description
ROC is a refinement of the Momentum indicator -
readings fluctuate as percentages around the zero line. The Rate of Change
indicator is used to find overbought and oversold levels, to analyze trend
strength and to find trend changes.
Category
Momentum Indicators
Parameters
N ( Default: 12
Min: 1 Max: 100 )
M ( Default: 6
Min: 1 Max: 50 )
Chart Script
ROC:(CLOSE-REF(CLOSE,N))/REF(CLOSE,N)*100;
ROCMA:MA(ROC,M)