OPEN-SOURCE SCRIPT
Updated Triple Roc Composite
Triple ROC Composite is a momentum-based indicator that combines Fast, Balanced, and Slow ROC engines into a single composite view of market strength. It is designed to help traders identify trend direction, momentum shifts, and market regime changes with greater clarity.
This script highlights:
- Composite momentum strength across three sensitivity layers
- Bullish and bearish pressure using threshold zones
- Heatmap/glow visuals to emphasize momentum intensity
- Higher-timeframe context for signal filtering
- Market context to help distinguish trending and ranging conditions
By blending multiple ROC sensitivities, the indicator helps smooth out noise while still reacting to early shifts in price behavior. It is useful for analyzing momentum continuation, weakening trends, and potential turning points.
This script highlights:
- Composite momentum strength across three sensitivity layers
- Bullish and bearish pressure using threshold zones
- Heatmap/glow visuals to emphasize momentum intensity
- Higher-timeframe context for signal filtering
- Market context to help distinguish trending and ranging conditions
By blending multiple ROC sensitivities, the indicator helps smooth out noise while still reacting to early shifts in price behavior. It is useful for analyzing momentum continuation, weakening trends, and potential turning points.
Release Notes
Added a signal line to Triple Roc Composite with a customizable color, set to white by default, and included signal circles that appear on line crossovers. The integration preserves the indicator’s core functionality and has been checked for correct behavior.Release Notes
Signal line settings updateRelease Notes
Signal line settings updateOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.