OPEN-SOURCE SCRIPT
Обновлено

ROC with closed based coloring & info table [DB]

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Rate of Change (ROC) Basics

The Rate of Change (ROC) is a momentum oscillator measuring the percentage price change between the current close and the close from N periods ago.
Calculated as:
Pine Script®
ROC = [(Current Close - Close N periods ago) / Close N periods ago] * 100


Traders use ROC to:
  • Identify overbought/oversold conditions
  • Spot momentum shifts
  • Confirm trend strength


My improvements:

Visual Clarity
  • Color-Coded Direction: ROC line changes color (green/red/yellow) based on intra-candle momentum shifts.
  • Direction Table: Instant view of the last change in ROC with the candle close (▲ UP / ▼ DOWN / ▶ FLAT).
  • Cells for current value and previous change between timeframe bar period.


What you can benefit with this over the regular ROC:
Faster Analysis: The visual cues make direction and strength instantly obvious and it allows for faster decision making while preserving more mental capital.
Информация о релизе
Fixed a typo which made the Flat condition display as "UP" on the info table
Информация о релизе
Made each cell optional to display

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