OPEN-SOURCE SCRIPT
Rate of change[UO]
Shows the rate of change of prices. The rate of change is the percent "change" of the related bar.
Yes the information is already on the bar chart but without knowing you might easily miss the importance of that %10 change over there.
- 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 publication is governed by House rules. You can favorite it to use it on a chart.
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