RateOfChange

Description

The Rate Of Change (ROC) is an oscillator calculating the percentage change of the security price relative to the price a specified number of periods before.

The Rate Of Change acts like an overbought/oversold oscillator. The higher the ROC, the more overbought the security; when the ROC falls, a rally might occur.

Input Parameters

Parameter Description
length The number of bars used to calculate the Rate Of Change.
color norm length The number of bars used to calculate the color gradient.
price The price used to calculate the Rate of Change.

Plots

Plot Description
ROC The Rate Of Change oscillator.
ZeroLine Zero level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.