ROC with signal Moving Average oscillator indicator displays the Rate of Price Change and a signal line, which is calculated as a moving average of ROC data.
It has three input parameters:
- ROC period - ROC calculation period
- Signal MA period - signal MA calculation period
- Signal MA method - signal MA calculation method
Calculation:
ROC = 100.0 * (Close - CloseP) / CloseP
Signal = MA(ROC, Signal MA period, Signal MA method)
where:
CloseP = Close price as of ROC period bars ago