Return value of the RocnRoll indicator.

Syntax:

Where:

  • price= applied price used for the calculation of the RocnRoll indicator

The ROCnRoll uses operations based on a ROC (rate of change) and exponential moving averages of different periods to generate bullish and bearish signals.

Interpretation:

If the ROCnRoll goes to 1 and stays at 1, the indicator gives a bullish signal (green histogram).

If the ROCnRoll becomes 2 and stays at 2, the indicator gives a bearish signal (red histogram).

If the ROCnRoll goes to -1 the indicator gives a signal to exit the market and stay out for the moment (blue histogram) until another bullish or bearish signal is given.

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