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ROCP

Type: rocp • Category: indicators

Description​

Rate of Change Percentage

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno10

Help​

ROCP (Rate of Change Percentage)

Description​

The ROCP (Rate of Change Percentage) indicator is a momentum indicator used in financial markets to measure the percentage change in price over a specified period of time. It helps traders and analysts identify the speed and magnitude of price movements.

What does this worker do?​

This worker calculates the Rate of Change Percentage (ROCP) for a given list of prices over a specified time period. It provides a measure of how fast the price is changing, which can be used to identify trends, potential reversals, and volatility.

How to interpret the results​

The ROCP value represents the percentage change in price over the specified time period. A positive ROCP indicates an upward price movement, while a negative ROCP indicates a downward price movement. A higher absolute value indicates a more significant price movement.

Parameters​

The following parameters are required to calculate the ROCP:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 10
  }
}

Parameters List​

  • dataExp:
    • Type: string
    • Description: A list of prices.
  • timeperiod:
    • Type: number
    • Description: The time period over which to calculate the ROCP.
    • Default: 10

Usage​

To use this worker, provide a list of prices as a string and specify the desired time period. The worker will return the ROCP value, which can be used to analyze the price movement.