Kairos™

RateOfChangePct - Rate of Change Percentage

The RateOfChangePct is a measurement of the acceleration and deceleration of prices.  It indicates if prices are increasing at an increasing rate or decreasing at a decreasing rate.  The Momentum can be applied to the price, or to any other data series.

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)/prevPrice.   It is  commonly used with the price or close.  The factor(multiply by) parameter defaults to 100, and is used to make the numbers easier to interpret or graph. 

Configuring a RateOfChangePct indicator the 5 minute timeframe on the Close with Period 3 and factor(multiplyby) of 1000.