- It is green when the rate of change is above its volume-weighted moving average and rising, red when the opposite, yellow otherwise.
- Editables: You can change the lookback period in settings. In general, choose a bigger number if you prefer longer term trade and vice versa.
- Alarms: You can set alarms for when the rate of change is up and moving down the alarm section.
The Rate of Change indicator is a pure momentum oscillator that measures the percent change in price from one period to the next. The calculation compares the current price with the price “n” periods ago.