OPEN-SOURCE SCRIPT
ROC 20x Dingue v5
This is the updated v5 for PineScript 5.
20x Rate of Change indicators into 1 indicator.
Plus a built-in moving average for the 20xROC can be plotted with its own MA, which simplifies the visual rendering.
Auto settings can be used, which have automatic preset lengths based on the timeframe used.
Middle line 0 is important as it is a positive and negative threshold for the ROC.
Divergences are added but they do not work so well unless bigger time frames are used or longer ROC's length.
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In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
20x Rate of Change indicators into 1 indicator.
Plus a built-in moving average for the 20xROC can be plotted with its own MA, which simplifies the visual rendering.
Auto settings can be used, which have automatic preset lengths based on the timeframe used.
Middle line 0 is important as it is a positive and negative threshold for the ROC.
Divergences are added but they do not work so well unless bigger time frames are used or longer ROC's length.
---------------------
In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Try the Trading Assistant Dingue for FREE
🔗 Details: CryptoDingue.com
🎥 How to Use the Trading Assistant:
Français: youtu.be/shM4FVwrXgw
English: youtu.be/pbJ2GdzRbgI
🔗 Details: CryptoDingue.com
🎥 How to Use the Trading Assistant:
Français: youtu.be/shM4FVwrXgw
English: youtu.be/pbJ2GdzRbgI
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Try the Trading Assistant Dingue for FREE
🔗 Details: CryptoDingue.com
🎥 How to Use the Trading Assistant:
Français: youtu.be/shM4FVwrXgw
English: youtu.be/pbJ2GdzRbgI
🔗 Details: CryptoDingue.com
🎥 How to Use the Trading Assistant:
Français: youtu.be/shM4FVwrXgw
English: youtu.be/pbJ2GdzRbgI
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.