Rate of Change Indicator (Titan_ROC)
Indicator Overview
What is ROC?
ROC (Rate of Change) is an indicator that displays the rate of change from the closing price of a specified number of bars ago, allowing you to understand how prices have moved relative to past levels.
Generally, when the ROC is in the positive region, it suggests a bullish market condition, while a ROC in the negative region indicates a bearish market. Additionally, if the ROC values swing significantly above or below past levels, it could signal that the market is overheating.
【Example of ROC Display】
Displaying ROC for Longer Time Frames
This indicator supports multiple time frames, so you can also display the ROC for longer time frames.
For instance, you can display the daily ROC on an hourly chart to understand the larger price trends and momentum.
【Example of ROC Display】
※ This indicator only operates on TitanFX's Windows versions of MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Inputs (MT5) and Parameter Inputs (MT4)
| Variable Name | Description | Default |
|---|---|---|
| Timeframe | Specifies which timeframe's ROC to display. Selecting 'Current' will use the chart's timeframe. | Current |
| Period | Specifies the period for calculating the ROC. | 14 |
Colors (MT5) and Color Settings (MT4)
| MT5 | MT4 | Description |
|---|---|---|
| 0 | 0 | Specifies the color, thickness, and style of the ROC line. |