danwagnerco

ROC Between Symbols

This script is a simple Rate Of Change ( ROC ) closing price comparison between a "compare" symbol and a "base" symbol over a user-specified period (maximum 200).

When the ROC is greater than zero, >0 (positive), the compare symbol is increasing faster than the base symbol -- the compare symbol has positive comparative momentum. Of course, your compare symbol could be flat and your base symbol could be decreasing, but math-wise these scenarios are equivalent and the compare symbol has positive comparative momentum.

When the ROC is less than zero, <0 (negative), the compare symbol has negative comparative momentum. Again, the base symbol could be increasing and the compare symbol could be flat, but math-wise this is the same scenario and the compare symbol has negative comparative momentum.

This ROC comparison tactic was documented and described on YouTube channel "Figuring Out Money" in an interesting study between Bitcoin and Gold prices on a weekly timeframe .
版本注释: This update adjusts the Input screen to clarify which symbol is the "Compare" symbol and which symbol is the "Base" symbol. The underlying calculation is Compare / Base, so I thought this extra clarification would be helpful -- now, it's easier to see which symbol will be the numerator (the "Compare" symbol) and which will be the denominator (the "Base") symbol.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

想在图表上使用此脚本?

评论

Nice One, Thank You im going to be keeping an eye on this as it was mega interesting to me
回复
@Gaz2536 appreciate it! -Dan
回复