OPEN-SOURCE SCRIPT

Multi Rate of Change (ROC) - 3 Lines

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Multi Rate of Change (ROC) - 3 Lines

This custom indicator displays three Rate of Change (ROC) lines, each with independently adjustable lookback periods (default: 7, 30, and 100 days). It allows you to quickly compare short-, mid-, and long-term price momentum on the same chart.

All ROC lines show the percent change of the close price compared to N bars ago.

The color, thickness, and style (solid, dotted, dashed) of each ROC line can be customized in the settings.

A zero reference line is included and can also be customized.

Suitable for momentum analysis and identifying trend acceleration or deceleration at multiple timeframes.

Designed for easy use: simply add the indicator to your chart and adjust the settings as needed.

How to use:

Add the indicator to your chart.

Set each ROC period (e.g., 7, 30, 100 days) as desired.

Adjust colors, line widths, and styles for better visibility.

Interpret positive ROC values as upward momentum, negative values as downward momentum.

No repainting. All calculations use close prices only.
If you need more ROC lines or additional features, let me know!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.