Indicator - ROCnRoll
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Definition ROCnRoll
The ROCnRoll uses operations based on a ROC (rate of change) and exponential moving averages of different periods to generate bullish and bearish signals.
Interpretation ROCnRoll
If the ROCnRoll goes to 1 and stays at 1, the indicator gives a bullish signal (green histogram).
If the ROCnRoll becomes 2 and stays at 2, the indicator gives a bearish signal (red histogram).
If the ROCnRoll goes to -1 the indicator gives a signal to exit the market and stay out for the moment (blue histogram) until another bullish or bearish signal is given.
