No Frame Rate of Change ROC is a momentum indicator that measures velocity and also leads the price action.
ROC is a price momentum or velocity indicator.
A rising ROC indicates a bullish increasing momentum A falling ROC indicates a bearish decreasing momentum ROC should always be used in conjunction with reversal signals on the price chart. The ROC displays the amount prices have changed over the given time period as an oscillator. When the wave is above the equilibrium line, the market price is higher than it was at the start of the ROC time period. The higher the wave, the greater the change. When the wave sinks below the equilibrium line into a trough, the lower it goes, the lower the market is in comparison to the previous price.