Hi guys
I want to create a new trading system.
Part of it needs an RoC (Rate of Change function), which is based on the simple moving average.
For example, we want to understand how much % the MA (50) has changed over the last 5 bars on GBPUSD. If the value on bar 1 has been 1.30100 and the value on bar 5 is 1.29600, then the rate of change would be -500 ticks, or -0.38%.
If the value on bar 1 has been 1.30100 and the value on bar 5 is 1.30600, then the rate of change would be 500 ticks, or +0.38%
I should be able to use it the SMA function, so the code would look like below
vars RoCvalues = series(RoC(SMA(Price,50),5));
How can I implement this?