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ROC Multiframe

This is a true Price Rate-of-Change multi-timeframe indicator.

It shows the charts of various timeframes in a single window converting them to the time scale used to perform trades.

You are able to select both higher and lower timeframes, as well as change the main trading timeframe. You will always see all the lines of the indicator on the right scale.

Two color scheme variants are available: with color change when crossing zero, and without.

You can also define the data display style (lines or histogram) in the indicator parameters.

The indicator is tested on Just2trade

Parameters

  • RocPeriod - price change calculation period
  • Mode - display style: line, section, histogram
  • COLORS - color scheme option
  • M1 - show/hide M1 chart
  • M5 - show/hide M5 chart
  • M30 - show/hide M30 chart
  • H1 - show/hide H1 chart
  • H4 - show/hide H4 chart
  • D1- show/hide D1 chart
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indicator is no repaint trend indicator. when red stars up to line that is probably end of long trades. when blue stars up to line that is probably end of down trades. indicator can use all pairs and lower than weekly charts, to use weekly chart need to at least 500 bars data on back.and lowering processing value 500. it is also suitable for 1m charts. indicator hold long way to go. there is not too many signals.
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Versão 1.10 2017.05.30
At the request of buyers, the color scheme of the oscillator is extended.
When the COLORS parameter is set to TWO, the indicator color will be changed at the crossover of zero.
If the COLORS parameter is set to ONE, no color change occurs.