S-RoC TT trading indicator - modification of the Elder oscillator
S-RoC TT Trade Indicator - is an improved version of S-RoC oscillator (Smoothed Rate of Change), the idea of which is described by Alexander Elder in his book "How to Play and Win at the Stock Exchange.
The basis of the original indicator is the determination of the rate of change of the exponential moving average EMA by Close prices. In the S-RoC TT trading indicator, which was developed by Tankk, the author of profitable indicators well-known to our readers, who is sharing his achievements on the traders' forum forexsystemsru.com, the possibilities of the indicator are somewhat extended.
Trading indicator S-RoC TT gives the trader the opportunity to use four types of major moving averages:
- Simple;
- Exponential;
- Smoothed;
- Linear Weighted.
In addition, the calculation of MA is possible not only by the Close price - 7 types of prices are available to the trader:
S-RoC TT Trade Indicator is used as an ordinary oscillator - with its help it is possible to effectively determine divergenceThe indicator is also used to enter the market for the peaks and troughs of the signal line.