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Views:: 5720
Rating:: (10)
Published:: 2019.01.02 14:30

ROC_with_Signal_MA.mq5 (8.66 KB) view

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ROC with signal Moving Average oscillator indicator displays the Rate of Price Change and a signal line, which is calculated as a moving average of ROC data.

It has three input parameters:

ROC period - ROC calculation period
Signal MA period - signal MA calculation period
Signal MA method - signal MA calculation method

Calculation:

ROC = 100.0 * (Close - CloseP) / CloseP
Signal = MA(ROC, Signal MA period, Signal MA method)

where:

CloseP = Close price as of ROC period bars ago

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23112

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