Elder Smoothed ROC
- Indicators
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Financial Trading Seminars Inc.
Dr. Alexander Elder
Dr. Alexander Elder is a professional trader based in New York City. He is the author of 11 books, including Trading for a Living (1996) and - Version: 2.0
- Updated: 17 November 2021
- Activations: 5
The Smoothed ROC indicator, developed by Fred Schutzman, is described in "Trading for a Living" book. It is created by calculating the rate of change for an exponential moving average of closing prices. When it changes direction, it helps identify and confirm trend changes.
Parameters
- Smoothing_EMA_Length (13) – The length of the EMA used for smoothing;
- ROC_Period (21) – The length of the rate of change calculation.
