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.