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Rate of Change

 

Description:

This function measures rate of a time series change relative to previous intervals.
The function is used to determine how rapidly the data is changing.
The multiplyby is usually should some multiple of ten, used to make the numbers easier to interpret or graph.

Parameters:

Period Period to Calculate the RateofChange Multiply by multiple of 10

Arguments:

OHLC of TimeFrame or any outputIndicator of the TimeFrame

Output Indicators:

ROC

Example:

Study Name Expanded in a 3 minute timeframe:

I3_RateofChange(3,1000)(I3CloseI3)_I3

This study calculates the RateofChange on the 3 minute timeframe, of the 3 minute close. The Period is 3 and the multiplyby value is 1000

The output indicators names are appended to the studyname, that is if the studyname is sn1 then the outputindicator is

sn1::ROC

 
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