Re: Velocity, Momentum & ROC Indicators for MT4

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Macio wrote: Thu May 23, 2024 12:02 am Hi Mrtools,
is it possible to make this mt4 indicator?

Smoothed Rate of Change (SROC)is a smoothed version of Rate of Change (ROC) indicator with the only difference that it uses Exponential Moving Average (EMA) for calculation. SROC determines the strength of a trend by comparing the current EMA and an EMA a specified period ago. The SROC line oscillates above or below the zero level and can help confirm an uptrend or downtrend respectively.
SROC = [EMA(B) - EMA(A)] / EMA(A) x 100

where:
EMA – Exponential Moving Average
B – price at current time
A – price at previous time
Made this version also try here
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Macio


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