TD Rate of Change (ROC)

Here is an indicator for study purpose.

TD ROC by AHA download

"The current most common usage and application of this indicator are daily closing price values twelve trading days apart from one another. In other words, the current closing price is divided by the closing price 12 trading days earlier. This indicator is capable of identifying specific overbought and oversold areas of the market. The recommended settings for daily price bar oversold and overbought levels are: overbought above 102.5% and oversold below 97.5%."

If the oscillatior exceeding the bands of 102.5% and 97.5% = conservative trade entry.

That's where price is "screaming".

Again, I'm no expert so let's discuss this openly (:


LSS