ROC with closed based coloring & info table [DB]

7 Şub

Rate of Change (ROC) Basics

The Rate of Change (ROC) is a momentum oscillator measuring the percentage price change between the current close and the close from N periods ago.
Calculated as:

Pine Script®

Traders use ROC to:

• Identify overbought/oversold conditions
  
• Spot momentum shifts
  
• Confirm trend strength
  

My improvements:

Visual Clarity

• Color-Coded Direction: ROC line changes color (green/red/yellow) based on intra-candle momentum shifts.
  
• Direction Table: Instant view of the last change in ROC with the candle close (▲ UP / ▼ DOWN / ▶ FLAT).
  
• Cells for current value and previous change between timeframe bar period.
  

What you can benefit with this over the regular ROC:
Faster Analysis: The visual cues make direction and strength instantly obvious and it allows for faster decision making while preserving more mental capital.

7 Şub

Sürüm Notları

Fixed a typo which made the Flat condition display as "UP" on the info table

7 Şub

Sürüm Notları

Made each cell optional to display