Try TT Now

X_STUDY®

Rate of Change (ROCP)

Description

The Rate of Change Percentage (ROCP) indicator compares the current price with the previous price from a selected number of periods ago. The current price is divided by the previous price. ROCP does not express as a percentage. This indicator is also commonly known as a momentum indicator.

Formula

ROCP = (Current Price / Price of n bars ago)-1.0)

Where: n = Time period

Example