Absolute Rate Of Change Value

[Nikolay.Gekht]

The simple indicator which shows absolute or relative change of the chosen source (could be either price or result of another indicator).

The positive value means up direction, the negative value means down direction. Bigger value means faster change.

Very similar to classic ROC (Rate of Change) indicator, but calculates the value as
(current - previous) / previous rather than (current / previous - 1).

The indicator has three display modes:
1) Absolute value
2) Percent against previous value
3) 1/10 of percent against previous value

Download:

ROCX.lua

(2.58 KiB) Downloaded 859 times

The indicator was revised and updated

Note: To apply the indicator on results of the indicator use "Source" tab of the indicator properties:

[Alexander.Gettinger]

MQL4 version of Absolute Rate Of Change Value indicator: viewtopic.php?f=38&t=61624.

[Apprentice]

The indicator was revised and updated.