OPEN-SOURCE SCRIPT

SMU ROC Candles

1 920
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.

You can adjust the ROC length and Scale in the setting.

I think ROC candles has lots of potential to magnify the price movements. Look how large candles are formed when market change direction.

Hope this inspire those with better scripting experience to take it to the next level.

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