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Views:: 3423
Rating:: (12)
Published:: 2018.09.27 15:06

ROCX.mq5 (8.04 KB) view

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ROCX is a modified ROC (Rate Of Change) indicator displaying an absolute or relative price change.

It is calculated as (current - previous) / previous, not (current / previous - 1).

Three display modes:

Absolute value;
Percent of the previous value;
1/10 percent of the previous value.

The indicator has three input parameters:

Period - calculation period;
Applied price;
Mode - mode:
- Absolute value - absolute value;
- % value - percent of the previous value;
- %1/10 value - 1/10 percent of the previous value.

Calculations:

Absolute value:
```
ROCX = diff
```
% value:
```
ROCX = 100.0 * diff / PrN
```
% 1/10 value:
```
ROCX = 1000.0 * diff / PrN
```

where:

diff = Applied price - Applied price[Period]
PrN = Applied price[Period]

A positive value indicates the upward direction of change, a negative value means the downward change direction. Greater values mean faster changes.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21666

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ROCX - indicator for MetaTrader 5