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ROCR100

Type: rocr100 • Category: indicators

Description​

Relative Change 100 Scale

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno10

Help​

ROCR100

Description​

The ROCR100 worker calculates the Relative Change on a 100 scale, a momentum indicator used in financial markets. This indicator measures the percentage change in price over a specified period, providing insight into the strength or weakness of a trend.

What does this worker do?​

The ROCR100 worker takes a list of prices and a time period as input and calculates the relative change in price over that period. The result is a value that represents the percentage change in price, scaled by 100.

How to interpret the results​

The result of the ROCR100 worker is a value that indicates the percentage change in price over the specified period. A positive value indicates an upward trend, while a negative value indicates a downward trend. The magnitude of the value represents the strength of the trend.

Parameters​

The following parameters are required to configure the ROCR100 worker:

Parameters Schema (JSON)​

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

Detailed Parameters​

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

Usage​

To use the ROCR100 worker, provide a list of prices and a time period. The worker will return the relative change in price over that period, scaled by 100.