This script creates a ROC in a candle format so you can see the rate of Change in a candle format and compare it with the actual price candle. Larger candles can be interpreted as a signal to change or start of a new trend.
I think we need more ROC type scripts to take into accounts the cumulative change in price to identify patterns of overbought and oversold in price action.
Enjoy and improve
I think we need more ROC type scripts to take into accounts the cumulative change in price to identify patterns of overbought and oversold in price action.
Enjoy and improve
