OPEN-SOURCE SCRIPT

ROC Dashboard Indicator

Snapshot

The ROC Dashboard Indicator provides traders with a comprehensive view of momentum and volatility across multiple timeframes, enhancing trend analysis and comparison against popular benchmark ETFs (e.g., SPY, QQQ). This tool combines several indicators into a single dashboard to help traders make informed decisions based on a well-rounded assessment of market conditions.

Key Features:
Rate of Change (ROC) Analysis Across Multiple Periods:

The indicator displays the ROC for 5, 21, 63, 126, and 256-day periods, allowing analysis of both short- and long-term momentum.
Color coding shows whether the asset’s ROC is outperforming or underperforming a selected benchmark ETF, providing a quick comparison against broader market trends.
Custom ROC Calculation:

Users can set a custom start date, and the indicator calculates the ROC from that date to the present, useful for tracking performance over specific periods.
Additional Momentum and Volatility Metrics:

Stochastic: Indicates overbought/oversold conditions.
MACD: Highlights momentum shifts, with color coding for easy visual interpretation.
RSI: Shows relative strength to gauge bullish or bearish sentiment.
ADR%: Average Daily Range as a percentage, helping to gauge volatility.
Daily % Change: Shows the percentage change in price from the previous day.
Customizable Display and Easy Viewing:

The dashboard includes options for color schemes and text size, as well as an optional vertical line marking the custom start date.
This indicator is designed to give traders a well-rounded, visual summary of trend strength and relative performance, helping them to quickly assess an asset’s position within broader market conditions.
Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)statistics

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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