Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Rate of Change (ROC)
Template
C - Cp
Where p is the Period.
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-Bruce
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Registered User
Joined: 4/3/2014
Posts: 22
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Hey Bruce could you help me figure out of how to make an indictor where the RATE OF CHANGE makes a new high...like what I have to the rsi which is max(wrsi13,20)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Well let us assume p = 50 (the default when you add it to the chart).
The highest rate of change over the most recent 20 bars would be:
MAX(C - C50, 20)
Checking to see if the current rate of change is the high would be:
C - C50 = MAX(C - C50, 20)
Checking to if the current rate of change in a new high would be:
C - C50 > MAX(C1 - C51, 19)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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