Kairos™

RateOfChange

The Rate of Change measures rate of change relative to previous periods - it is used to determine how rapidly the data is changing.  The formula used is ((price/prevPrice)-1)*100.   It is  commonly used with the price or close.  The factor parameter defaults to 100 (it is in addition to the 100 in the formula), and is used to make the numbers easier to interpret or graph.  

Configuring a RateOfChange indicator on the 1 minute timeframe with Period 5 and a factor parameter of 100