OPEN-SOURCE SCRIPT
LBR-S310ROC @shrilss
Originally made by Linda Raschke, The S310ROC Indicator combines the Rate of Change (ROC) indicator with the 3-10 Oscillator (Modified MACD) and plots to capture rapid price movements and gauge market momentum.
- Rate of Change (ROC): This component of the indicator measures the percentage change in price over a specified short interval, which can be set by the user (default is 2 days). It is calculated by subtracting the closing price from 'X' days ago from the current close.
- 3-10 Oscillator (MACD; 3,10,16): This is a specialized version of the Moving Average Convergence Divergence (MACD) but uses simple moving averages instead of exponential. Using a fast moving average of 3 days and a slow moving average of 10 days with a smoothing period of 16.
- ROC Dots: A great feature based on the oscillator's readings. Dots are displayed directly on the oscillator or the price chart to provide visual momentum cues:
- Aqua Dots: Appear when all lines (ROC, MACD, Slowline) are sloping downwards, indicating bearish momentum and potentially signaling a sell opportunity.
- White Dots: Appear when all lines are sloping upwards, suggesting bullish momentum and possibly a buy signal.
- Rate of Change (ROC): This component of the indicator measures the percentage change in price over a specified short interval, which can be set by the user (default is 2 days). It is calculated by subtracting the closing price from 'X' days ago from the current close.
- 3-10 Oscillator (MACD; 3,10,16): This is a specialized version of the Moving Average Convergence Divergence (MACD) but uses simple moving averages instead of exponential. Using a fast moving average of 3 days and a slow moving average of 10 days with a smoothing period of 16.
- ROC Dots: A great feature based on the oscillator's readings. Dots are displayed directly on the oscillator or the price chart to provide visual momentum cues:
- Aqua Dots: Appear when all lines (ROC, MACD, Slowline) are sloping downwards, indicating bearish momentum and potentially signaling a sell opportunity.
- White Dots: Appear when all lines are sloping upwards, suggesting bullish momentum and possibly a buy signal.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.