OPEN-SOURCE SCRIPT
Rate Of Change Trend Strategy (ROC)
This is very simple trend following or momentum strategy. If the price change over the past number of bars is positive, we buy. If the price change over the past number of bars is negative, we sell. This is surprisingly robust, simple, and effective especially on trendy markets such as cryptos.
Works for many markets such as:
BTCUSD
ETHUSD
SPX
NDX
TSLA
Works for many markets such as:
BTCUSDETHUSDSPXNDXTSLA
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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