Smoothed Rate of Change - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Smoothed Rate of Change (Smoothed-RoC) is a modification of the Rate of Change (RoC) metric, developed by Fred G. Schutzman . It differs from RoC in that it is based on exponential moving averages (EMA) rather than closing prices. Like RoC, Smoothed RoC is a leading momentum indicator that determines the strength of a trend by determining whether it is accelerating or decelerating. Smoothed RoC does this by comparing the current EMA with the EMA value from a specified time period ago. Using EMA instead of closing price eliminates the erratic trend of RoC.

RoC is calculated in three steps. First, calculate the EMA. The momentum of the EMA change is then calculated by subtracting the previous value of the EMA from the current EMA. Finally, divide the result by the previous value of the EMA and multiply by 100 to get the percentage. Since Smoothed-RoC is the RoC of EMA, it requires two cycles:

The formula is:

Where the previous EMA is the value of the EMA before the specified time period. The result is plotted as a percentage of the oscillator oscillating between 100% and -100%.

As with RoC oscillators, the key consideration when using Smoothed-RoC is centerline. When the price of the underlying security is in an uptrend, a buy signal is generated when the smoothed RoC falls below its centerline and begins to recover. When the price of the underlying security is in a downtrend, a sell signal is generated when the smoothed RoC moves above its centerline and begins to fall back.

Attachment download

📎 smoothed_roc.mq5 (8.97 KB)

Source: MQL5 #19925

Smoothed rate of change – points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around Smooth Rate of Change - MetaTrader 5 script . Related search terms include: trading script, MT4 script, MT5 script. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.