Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
Price Rate of Change indicator
Calculation:
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You can find the speed of price change as a difference between current closing price and the closing price n periods ago.
ROC = ((CLOSE (i) - CLOSE (i - n)) / CLOSE (i - n)) * 100
where:
- CLOSE (i) - closing price of the current bar;
- CLOSE (i - n) - closing price n bars ago;
- ROC - the value of Price Rate of Change indicator.
Complement community code with advanced automation from RobotFX.
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