[RESEARCH] Rate of Change
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I was wondering how built-in "roc" function in Pine is defined and calculated so I made a little research.
I examined 4 samples:
1) "roc" function itself
2) "roc" according to its description
3) price change ratio
4) price percent change ratio
The results of the first and fourth samples are identical.
So, TV built-in roc(source, length) = 100 * change(source, length) / source[length].
And it's description is incorrect.
If you didnt know it - now you know it.
Good luck!
I was wondering how built-in "roc" function in Pine is defined and calculated so I made a little research.
I examined 4 samples:
1) "roc" function itself
2) "roc" according to its description
3) price change ratio
4) price percent change ratio
The results of the first and fourth samples are identical.
So, TV built-in roc(source, length) = 100 * change(source, length) / source[length].
And it's description is incorrect.
If you didnt know it - now you know it.
Good luck!
👨🏻💻 Coding services -> Telegram: @alex_everget
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
👨🏻💻 Coding services -> Telegram: @alex_everget
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.