Rate Of Change From Start

The Rate Of Change From Start (ROCFS) was authored by Omega Research, 1996. The ROCFS uses the first price and the current price to create its value. The user may change only the input (close). This indicator’s definition is further expressed in the condensed code given in the calculation below.

Rate Of Change From Start

How To Trade Using Rate Of Change From Start

No trading signals are calculated for this indicator.

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//input = price, user defined, default is closing price
//index = current bar number

if (index == 0)
    firstP = price;
Plot: rocfs = (price * 100) / firstP - 100;