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ROCR100

Type: rocr100 • Category: indicators

Description​

Relative Change 100 Scale

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
pricestringPrice field to use to calculate ROCR100no
timeperiodnumberNumber of periods to use for ROCR100 calculationno10

Help​

ROCR100

Relative Change 100 Scale​

Description​

The ROCR100 worker is an indicator used in financial analysis to measure the rate of change of a security's price over a specified period of time. It calculates the percentage change in price over a 100-day period, providing insights into the momentum and volatility of the security.

What does this worker do?​

The ROCR100 worker calculates the Relative Change 100 Scale (ROCR100) for a given set of price data. It takes the following parameters:

  • dataExp: prices data
  • price: Price field to use to calculate ROCR100
  • timeperiod: Number of periods to use for ROCR100 calculation (default is 100)

How to interpret the results​

The ROCR100 indicator measures the percentage change in price over a specified period. A positive value indicates an increase in price, while a negative value indicates a decrease. The magnitude of the value represents the magnitude of the price change.

Usage​

To use the ROCR100 worker, simply pass in the required parameters:

  • dataExp: Your price data
  • price: The price field to use for calculation (e.g. 'close')
  • timeperiod: The number of periods to use for calculation (e.g. 100)

Interpretation and Knowledge​

The ROCR100 indicator is commonly used to identify trends and momentum in financial markets. A rising ROCR100 indicates increasing momentum, while a falling ROCR100 indicates decreasing momentum. A ROCR100 value above 0 indicates an uptrend, while a value below 0 indicates a downtrend.

Visualizing ROCR100​

For a visual representation of how to use the ROCR100 worker, refer to the following images:

Full ROCR100 Usage Example​

[![Full ROCR100 Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short ROCR100 Usage Example​

[![Short ROCR100 Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

By using the ROCR100 worker, you can gain valuable insights into the momentum and volatility of financial securities, helping you make more informed investment decisions.