ROC with closed based coloring & info table [DB]

Rate of Change (ROC) Basics

The Rate of Change (ROC) is a momentum oscillator measuring the percentage price change between the current close and the close from N periods ago.
Calculated as:

Pine Script®

ROC = [(Current Close - Close N periods ago) / Close N periods ago] * 100

Traders use ROC to:

Identify overbought/oversold conditions
Spot momentum shifts
Confirm trend strength

My improvements:

Visual Clarity

Color-Coded Direction: ROC line changes color (green/red/yellow) based on intra-candle momentum shifts.
Direction Table: Instant view of the last change in ROC with the candle close (▲ UP / ▼ DOWN / ▶ FLAT).
Cells for current value and previous change between timeframe bar period.

What you can benefit with this over the regular ROC:
Faster Analysis: The visual cues make direction and strength instantly obvious and it allows for faster decision making while preserving more mental capital.

Notes de version

Fixed a typo which made the Flat condition display as "UP" on the info table

Notes de version

Made each cell optional to display

Script open-source

Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.

dariusz_barabas

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Script open-source

dariusz_barabas