OPEN-SOURCE SCRIPT
APEX - ROC MA [v1]
The rate of change also know as ROC is a momentum indicator that describes changes over a specific period of time. In general positive values describe for the asset to have a positive momentum change whereas negative values will give a negative momentum change.
You will be able to add moving averages or additionally smooth the ROC to create a more stable indicator for filtering or entries.
You will be able to add moving averages or additionally smooth the ROC to create a more stable indicator for filtering or entries.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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