RedK_Relative Rate Of Change v1

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © RedKTrader
// ------------------------------------------------------------------------------------------------
// Original author:  RedKTrader
// Original title:   RedK_Relative (Dual) Rate Of Change v1 - RROC v1
// Licence:          MPL-2.0 (the header above is the original notice, kept verbatim)
// Pine version:     4
// Fetched:          2026-10-12
// Ported to FloScript by FloSignals; modifications under MPL-2.0.
// Converter:        @flosignals/floscript 0.1.0, strict mode, score 100/100
// ------------------------------------------------------------------------------------------------
//@floscript=1
//@version=5
// Converted by the FloScript converter from a Pine-compatible v4 source.

indicator(title="RedK_Relative Rate Of Change v1", shorttitle="Redk_RRoC v1", format=format.price, precision=2, timeframe="")

fastlength = input.int(title="Fast", defval=5, minval=1, inline="RoC Lengths", group="RoC Lengths")
slowlength = input.int(title="Slow", defval=15, minval=1, inline="RoC Lengths", group="RoC Lengths")
smooth = input.int(title="Smoothing", defval=3, minval=1, maxval=5)
source = input.source(title="Source", defval=hlc3)

// we start from the standard RoC calculation - then apply couple of changes
// first, we divide by the length cause this will be the "% change per bar" vs total % change
// this really doesn't cause a major change in the broad "plot shape", but the numbers are usable
// as in saying (X stock is making an average x% move "per bar" )
// then we add another RoC of a slower length, so we can visualize a "relative" Rate of Change
// The idea here is simple, when the fast RoC exceeds the slow RoC (either up or down), then there's a breakout action
roc = 100 * (source - source[fastlength]) / source[fastlength] / fastlength
slowroc = 100 * (source - source[slowlength]) / source[slowlength] / slowlength

//apply wma-based smoothing
roc_s = ta.wma(roc, smooth)
slowroc_s = ta.wma(slowroc, smooth)

//prep plot variables
col_up = #00bcd4 //RoC up
col_dn = #ff870a //RoC down
col_pos = #33ff00 //SRoC Positive
col_neg = #ff1111 //SRoC Negative
col_zero = #b2b5be66
col_roc = roc_s > 0 ? col_up : col_dn
col_slowroc = slowroc_s > 0 ? col_pos : col_neg

// final plots
hline(0, title="Zero Line", color=col_zero, linestyle=hline.style_solid, linewidth=1)
plot(slowroc_s, title="Slow ROC", color=color.new(col_slowroc, 70), style=plot.style_area, linewidth=3)
plot(roc_s, title="ROC", color=col_roc, linewidth=3)

This file is under the Mozilla Public License 2.0; it is a port of the original by RedKTrader, with the original licence header kept and the changes made for FloScript noted in the file.

• v22026-10-14

  Library refresh 2026-10-14

• v12026-10-12

  Library refresh 2026-10-12