Rate of Chg (Indicator)
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Input Information
| Name | Expression | Default | Description |
| Length | Numeric | 14 | Number of bars to include for the Rate of Change calculation. |
Market Synopsis
The Rate of Change indicator calculates and plots the net change, expressed as a percent, between a bar's price and that price the number of bars ago specified in the input Length. The default settings plot the percent change for the close of each bar compared to the close of 10 bars earlier. Measuring current prices versus earlier prices sheds light on the pace of a trend and possible trend reversals. It may also be useful in identifying overbought and oversold conditions when the Rate of Change becomes extremely strong or weak.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | ROC | Cyan/Magenta | Plots the Rate of Change as a line. |
| Plot2 | ZeroLine | Dark Green | Plots a reference line at zero. |
When applied to a chart, this indicator displays two plots in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.