Percent Change by Omega Research 1997. It is a running total of the percentage change in the closing price. The user may change the input (close). This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Percent Change
The Percent Change may to be used in conjunction with other indicators. No trading signals are given.
How To Access in MotiveWave
Go to the top menu, choose Study>Oscillators>PerCent Change
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//input = price, user defined, default is close
//prev = previous, index = current bar number
prevP = price[index-1]; prevPcc = pcc[index-1]; if (prevP - 1 == 0) return; Plot: pcc = prevPcc + price / (prevP - 1);