This is an indicator from a book "Street Smarts—High Probability Short Term Trading Strategies" by L. Raschke & L.Connors.
I made it in histogram style for more comfortable reading chart:
- green histogram is buy signal or buy opportunity;
- red histogram is sell signal or sell opportunity;
- gray histogram is forward moving from last signal.
Change Channel is like KC unless it uses percentage changes in price to set channel distance. Midline is zero-lag smoothed ROC with dynamic period based on MA Streak indicator, if MA Streak shows an ongoing trend, midline going strong and break out the channel.
Consider using ▲ green areas as a signal to buy and ▼ red areas as a sell signal. It works best...
Hello community, here I applied the Inverse Fisher Transform, Ehlers dominant cycle determination and smoothing methods on a simple Rate of Change (ROC) indicator
You have a lot of options to adjust the indicator.
The rate of change is most often used to measure the change in a security's price over time.
That's why it is a momentum...
Collection of useful indicators. This collection does not do any type of plotting on the graph, as the methods implemented can and should be used to get the return of mathematical formulas, in a way that speeds up the development of new scripts. The current version contains methods for stochastic return, slow stochastic, IFR,...
This indicator will give you the momentum readings (rate of change) for five lookback periods (15m, 60m, 4hr, 24hr, 48hr).
This is useful when backtesting or retroactively logging the readings into your trade journal (there is no way to roll back the Forex Factory momentum screener that I know of).
There are lines drawing in the background which are set to 100%...
This Indicator shows the Absolute Rate of Change in correlation to its Moving Average.
Values over 3 (gray dotted line) can savely be considered as a breakout; values over 4.5 got a high mean-reverting chance (red dotted line).
This Indicator can be used in all timeframes, however, i recommend to use it <30m, when you want search for meaningful Mean-Reverting...
A simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means...
This script is a simple Rate Of Change (ROC) closing price comparison between a "compare" symbol and a "base" symbol over a user-specified period (maximum 200).
When the ROC is greater than zero, >0 (positive), the compare symbol is increasing faster than the base symbol -- the compare symbol has positive comparative momentum. Of course, your compare symbol could...
This is combo strategies for get a cumulative signal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
Rate of change indicator based on Nick Radge's Weekend Trend Trader Strategy, with an added extra of EMA smoothing if you want it.
This indicator simply turns green when the rate of change is above a certain level (value is set in threshold)
Threshold is defaulted to 30 as outlined in the strategy rules
This script implements the Binary Trade Logic (BTL) algorithm to calculate two distinct scores that range from 0 to 7. One score is calculated assigning a power of 2 weight to the positive sign of 3 Phi^3 distant Moving Average (MA) slopes. The other score is calculated assigning a power of 2 weight to the sign of the difference between the price and the value of...
This script implements the Binary Logic Trading (BLT) algorithm to calculate a score from 0 to 7. This score is calculated assigning a power of 2 weight to the positive sign of 3 Phi^3 distant EMAs' slopes. The largest EMA slope positive sign receives weight 4, the middle length EMA slope positive sign receives weight 2 and the shortest EMA slope positive sign...
Rate Of Change Earnings Move
What is it and how does it work?
The Rate of Change Earnings Move indicator or ROCEM is an indicator designed for giving the user an idea of how much a stock has moved up or down in past earnings reports. This is ideal for options traders who can use ROCEM to calculate whether or not their long straddles are actually probable of...
Hello traders and developers!
I was wondering how built-in "roc" function in Pine is defined and calculated so I made a little research.
I examined 4 samples:
1) "roc" function itself
2) "roc" according to its description
3) price change ratio
4) price percent change ratio
The results of the first and fourth samples are identical.
So, TV built-in roc(source,...
This is the new-age indicator which is version of RSI calculated upon
the Rate-of-change indicator.
The name "Relative Strength Index" is slightly misleading as the RSI
does not compare the relative strength of two securities, but rather
the internal strength of a single security. A more appropriate name
might be "Internal Strength Index." Relative...