OPEN-SOURCE SCRIPT

ROC Dashboard Indicator

snapshot

The ROC Dashboard Indicator provides traders with a comprehensive view of momentum and volatility across multiple timeframes, enhancing trend analysis and comparison against popular benchmark ETFs (e.g., SPY, QQQ). This tool combines several indicators into a single dashboard to help traders make informed decisions based on a well-rounded assessment of market conditions.

Key Features:
Rate of Change (ROC) Analysis Across Multiple Periods:

The indicator displays the ROC for 5, 21, 63, 126, and 256-day periods, allowing analysis of both short- and long-term momentum.
Color coding shows whether the asset’s ROC is outperforming or underperforming a selected benchmark ETF, providing a quick comparison against broader market trends.
Custom ROC Calculation:

Users can set a custom start date, and the indicator calculates the ROC from that date to the present, useful for tracking performance over specific periods.
Additional Momentum and Volatility Metrics:

Stochastic: Indicates overbought/oversold conditions.
MACD: Highlights momentum shifts, with color coding for easy visual interpretation.
RSI: Shows relative strength to gauge bullish or bearish sentiment.
ADR%: Average Daily Range as a percentage, helping to gauge volatility.
Daily % Change: Shows the percentage change in price from the previous day.
Customizable Display and Easy Viewing:

The dashboard includes options for color schemes and text size, as well as an optional vertical line marking the custom start date.
This indicator is designed to give traders a well-rounded, visual summary of trend strength and relative performance, helping them to quickly assess an asset’s position within broader market conditions.
Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)statistics

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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