OPEN-SOURCE SCRIPT
Updated Accumulated Rate of Change
This is a volatility indicator, inspired by ROC(Rate of change).
Shows three values:
- ROC, based on previous bar's price
- Accumulated ROC, shows price change rate since previous nth* bar. Both positive and negative price changes increases the rate.
- Accumulated Positive ROC, considers positive change rate only
- Accumulated Negative ROC, considers negative change rate only
* based on given number of bars in settings
Shows three values:
- ROC, based on previous bar's price
- Accumulated ROC, shows price change rate since previous nth* bar. Both positive and negative price changes increases the rate.
- Accumulated Positive ROC, considers positive change rate only
- Accumulated Negative ROC, considers negative change rate only
* based on given number of bars in settings
Release Notes
Added the option to highlight background when positive and negative lines crossRelease Notes
Background color option improvementsRelease Notes
Alerts addedOpen-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.
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.
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.