OPEN-SOURCE SCRIPT

ROC 20x Dingue v5

2 422
This is the updated v5 for PineScript 5.

20x Rate of Change indicators into 1 indicator.

Plus a built-in moving average for the 20xROC can be plotted with its own MA, which simplifies the visual rendering.

Auto settings can be used, which have automatic preset lengths based on the timeframe used.

Middle line 0 is important as it is a positive and negative threshold for the ROC.

Divergences are added but they do not work so well unless bigger time frames are used or longer ROC's length.

---------------------

In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.

If you have any questions please ask.

Thank you.

免責事項

これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。