ROCX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
ROCX is a modified ROC (Rate of Change) indicator that shows absolute or relative price changes.
It's calculated as (current - previous)/previous, not (current/previous - 1).
Three display modes:
The indicator has three input parameters:
Absolute value:
ROCX = difference
% value:
ROCX = 100.0 * Difference/PrN
% 1/10 value:
ROCX = 1000.0 * Difference/PrN
Where:
diff = application price - application price [period] PrN = applied price [period]
A positive value indicates an upward change, and a negative value indicates a downward change. Larger values mean faster changes.
Attachment download
📎 rocx.mq5 (8.04 KB)
Source: MQL5 #21666
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