Here is the article on tradingview.com.
The Rate of Change indicator (ROC) is a momentum oscillator. It calculates the percent change in price between periods. ROC takes the current price and compares it to a price "n" periods (user defined) ago. The calculated value is then plotted and fluctuates above and below a Zero Line.
Bonus tip
If you have too many setups too choose, then focus on buying the strongest markets
50-week ROC for ranking system - For example, MSFT stock
Indicator - 50 weeks - 250 daily
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