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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.
Nota Keluaran
Fixed a typo which made the Flat condition display as "UP" on the info table
Nota Keluaran
Made each cell optional to display

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.