OPEN-SOURCE SCRIPT
(Rate of) Change %
Displays the % change since an amount of given bars and plots the average high and low % changes for that period in a band. This helps you track outlier moves and periods of low or high volatility.
Set the "Change since" values to see the rate of change which can be used as a momentum indicator.
You can plot daily returns over the last 20 years for Nasdaq:
Set the "Change since" values to see the rate of change which can be used as a momentum indicator.
You can plot daily returns over the last 20 years for Nasdaq:
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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