OPEN-SOURCE SCRIPT
Rate Of Change (Absolute change per x unit time)
Rate Of Change (Absolute change per x unit of time) - It calculates absolute movement (i.e. not percentage change) of price in the last n minutes (can be any unit of time) per minute. You can also supply a time multiplier (say, x) which gives you absolute movement of price for last n minutes per x minute of time.
For eg., you could calculate the change in price in last 30 minutes per 5 minute time, which means that on average in the last 30 minutes, price changed by this much in every 5 minutes.
For eg., you could calculate the change in price in last 30 minutes per 5 minute time, which means that on average in the last 30 minutes, price changed by this much in every 5 minutes.
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.
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.