ROC with signal Moving Average oscillator indicator displays the Rate of Price Change and a signal line, which is calculated as a moving average of ROC data.
It has three input parameters:
- ROC period – ROC calculation period
- Signal MA period – signal MA calculation period
- Signal MA method – signal MA calculation method
Calculation:
ROC = 100.0 * (Close – CloseP) / CloseP
Signal = MA(ROC, Signal MA period, Signal MA method)
where:
CloseP = Close price as of ROC period bars ago
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