Rate Of Change Percent (Alternative) (ROC)

HTS's Rate Of Change Percent indicator measures the rate of change similar to the rate of change indicator but expressed as a percent. This is a momentum indicator.

Interface

Supported license & Trade types

Supported License	Supported Trade Types
Beginner license	Spot trading
Simple license	Margin trading
Advanced license	Leverage trading

Formula

Rate Of Change Percent is an indicator with the following formula:

ROCP = [(Close - Close n periods ago) / (Close n periods ago)] * 100

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

• Length

  • Number of candles (or time periods) before an action is taken.

• Buy Threshold

  • When the calculation result is equal or below this value, the indicator will generate a buy signal.

• Sell Threshold

  • When the calculation result is equal or above this value, the indicator will generate a sell signal.

Usage

This indicator is useful for defining the overall direction of the underlying trend and can be used with additional indicators.