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umur.ozkul

Rate of change[UO]

umur.ozkul  
Centered Oscillators percent percentprice change
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centeredoscillator percent percentprice change
Shows the rate of change of prices. The rate of change is the percent "change" of the related bar.
  • When tje rate of change is too different, there is a trade opportunity.
  • Seeing the rate of change you can guess if you can judge if you are making a good trade

Yes the information is already on the bar chart but without knowing you might easily miss the importance of that %10 change over there.
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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