The "ROC Since Morning" indicator is designed for traders who wish to gauge the momentum of an asset from a specific time in the morning, allowing for a customizable analysis of pre-market and intraday movements. This indicator calculates the Rate of Change (ROC) from a user-defined hour, offering insights into how the price has moved since then.
How to Use:
Add the "ROC Since Morning" indicator to your chart. Adjust the start hour input to your preferred time, considering pre-market hours or the official market opening time. Analyze the ROC values to understand price movements and momentum since your specified start hour. A positive ROC indicates an upward price movement, while a negative ROC suggests downward movement.