This is a volatility indicator, inspired by ROC(Rate of change).
Shows three values: - ROC, based on previous bar's price - Accumulated ROC, shows price change rate since previous nth* bar. Both positive and negative price changes increases the rate. - Accumulated Positive ROC, considers positive change rate only - Accumulated Negative ROC, considers negative change rate only
* based on given number of bars in settings
Phát hành các Ghi chú
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Added the option to highlight background when positive and negative lines cross
I'm going to try it my friend, from what I see it's an excellent indicator.
abc888bbc
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How it work sir
chikano11
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Hi, is it possible to create an "Cross" when the green/red and red/green cross each other ?
Cryptoxin
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Hi @chikano11,
Unfortunately it's not possible to add labels (including cross shapes) on multi timeframe indicators(with the current implementation, unless I change the way this indicator is working).
However, you can use tradingview alerts to get notifications when green/red lines cross each other.
If anyone else also need the cross labels on the chart, please show your interest with :agree button: or leave a comment, I'll make it happen.