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Apply Rate of Change Indicator

ROC is a refined version of Momentum. The readings fluctuate as percentages around the zero line. You set the number of periods when you create the study.

Rate of change =100(V/Vx)

where:

V - the latest closing price.

Vx - the closing price of x bars ago.

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To apply a Rate of Change indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Rate of Change and Add the study.
  3. Complete parameters as necessary.

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