smoothed rate of change

The ciSROC (Smoothed Rate of Change) indicator is a modification of the traditional ROC, as described in Alexander Elder's book Trading for a Living. It plots two lines: ROC, which is the difference between the current price and the price x-time periods ago, and SROC which is the difference between an MA of price and the MA of price x-time periods ago.

ciSROC Indicator on chart:
ciSROC Indicator

ciSROC configurable parameters:
ciSROC Parameters

license: free, open-source
compatible: NT6.5, NT7
download: ciSROC

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