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alskdj

ROC'n-H is a ROC indicator with dynamic length

alskdj  
Oscillators Trend Analysis Hull Moving Average (HMA)
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oscillator trendanalysis hullma
From Investopedia "The Price Rate of Change (ROC) is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago.

The ROC indicator is plotted against zero, with the indicator moving upwards into positive territory if price changes are to the upside, and moving into negative territory if price changes are to the downside."


In this script, ROC length (the moment from when ROC is calculated) is set by detected trend change.
Trend change is marked by indicators background colour.

  • "Trend Lenght" - Adjust this to fit the security and time frame
  • "SMA" - Simple Moving Average
  • "MHA" - Hull Moving Average


Feedback for improvements are welcome.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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