Rate of Change w/ Moving Average
This is a small spin on the Rate of Change (ROC) indicator where I overlay a simple moving average of the indicator over the prior days.
Versionshinweise:
Adjusted the color of the area underneath or above the curve to be green or red depending on whether the ROC is greater than or less than the SMA of the ROC.
Versionshinweise:
Altered colors so that the SMA is green when positive and red when negative in a way that's unrelated to the ROC value.
Versionshinweise:
Color the horizontal zero line axis green or red dependent upon whether the ROC is positive or negative so there is an indication on the base indicator crossover point.
Versionshinweise:
Added two additional signal states:
- a cooling uptrend when the ROC falls below a rising moving average with a default color of light blue to look like an icy wind
- a recovering downtrend when the ROC rises above a falling moving average with a default color of purple to look like a forming bruise
- a cooling uptrend when the ROC falls below a rising moving average with a default color of light blue to look like an icy wind
- a recovering downtrend when the ROC rises above a falling moving average with a default color of purple to look like a forming bruise