Forex Change Percentage Indicator for

Most seasoned traders trading in stocks and other tradeable instruments would observe the direction of price movements based on the percentage change of price compared to the prior day’s close. The Change Percentage Indicator is built on the same concept. It can be used by traders trading on various tradeable instruments such as forex and could also be applied on various timeframes.

What is the Change Percentage Indicator?

The Change Percentage Indicator is an oscillator type of indicator which indicates the direction of the momentum of price by comparing the current closing price with that of the closing price of the prior period.

This indicator plots histogram bars to indicate the direction of the momentum. Positive green bars indicate a bullish momentum, while negative red bars indicate a bearish momentum.