The ROC indicator (full name – Price Rate of Change) is an oscillator. It helps to determine the direction and strength of the trend, find price reversal points and identify divergences.
The indicator is used to trade with the trend and price reversal. You can work with it on any time frame. ROC is suitable for both short-term and long-term trading.
So, ROC is a universal oscillator that helps to solve several problems at once. At the same time, it is a simple tool. Both beginners and experienced traders will easily learn how to work with it.