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Custom ROC Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=66889
Forum: 17 · Topic 66889 · 1 post(s)
Custom ROC Indicator
Apprentice · Sun Nov 04, 2018 8:40 am
The ROC indicator has smaller lag if compared to a simple MA.
Calculating coefficient for different timeframes K2=5;K3=15; Timeframe M1 K2=3;K3= 6; Timeframe M5 K2=2;K3= 4; Timeframe M15 K2=2;K3= 8; Timeframe M30 K2=4;K3=24; Timeframe H1 K2=6;K3=42; Timeframe H4 K2=7;K3=30; Timeframe D1 K2=4;K3=12; Timeframe W1 K2=3;K3=12; Timeframe MN
- Line - supporting MA for building a price rate line on the current timeframe;
- Line - price rate of change on the current timeframe;
- Line - price rate of change on the nearest higher timeframe;
- Line - price rate of change on the next higher timeframe;
- Line - an average line of the rate of price change;
- Line - a smoothed average line of the rate of price change.