OPEN-SOURCE SCRIPT

Percent Change Smoothed (PCT + EMA)

ROC works great on data with only positive numbers (like prices).
But it fails to correctly represent the rate of change when source series have negative values.

ROC is positive when:
  • Source is positive AND Source is rising
  • OR Source is negative AND Source is falling


Percent change (PCT) is just a ROC that deals with this sign confusion.
Anyone with Data Science backgroud would likely know about it.

PCT is positive only when:
  • Source is rising


When applying to only positive data PCT = ROC they are exactly equal.

I've also added EMA smoothing option.

Enjoy!

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.