Percent Change

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.

Percent Change

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.

Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.

Calculation

//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);