ROC for SMA in ThinkOrSwim

[Fin McLen]

I am trying to create a custom indicator that will tell me when the Simple Moving Average is getting ready to make a direction change.
I would like to combine Rate of Change and Simple Moving Average.
Specifically I would like to plot a 5-day ROC of a 53-day Simple moving average.
Ideally I could like to see green bars above 0 and red bars below zero.
Thanks in adavnce
Fin McLen

 

[halcyonguy]

I am trying to create a custom indicator that will tell me when the Simple Moving Average is getting ready to make a direction change.
I would like to combine Rate of Change and Simple Moving Average.
Specifically I would like to plot a 5-day ROC of a 53-day Simple moving average.
Ideally I could like to see green bars above 0 and red bars below zero.
Thanks in adavnce
Fin McLen

# roc_ma

declare lower;

input avg1_len = 53;
input avg1_type =  AverageType.simple;
def ma1 = MovingAverage(avg1_type, close, avg1_len);

#------------------------------------
# rateofchange
# https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/RateOfChange

input roc_length = 5;
input colorNormLength = 6;
def price = ma1;

plot ROC = if price[roc_length] != 0 then (price / price[roc_length] - 1) * 100 else 0;
ROC.DefineColor("Highest", Color.green);
ROC.DefineColor("Lowest", Color.RED);
ROC.AssignNormGradientColor(colorNormLength, ROC.color("Lowest"), ROC.color("Highest"));

plot ZeroLine = 0;
zeroline.SetDefaultColor(color.gray);

#

https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/R-S/RateOfChange