Monitoring the broad market through the prism of classic technical analysis metrics.
Appearance of widgets.
Scanners of Technicals category calculate one or another technical analysis indicator for the whole broad market and rank assets depending on the indicator of this or that metric.
Let's consider the Rate of change (ROC) indicator as an example. ROC is a technical indicator based on the dynamics of change of the tracked parameter. The indicator measures the percentage change in the series between the current value and the price a certain number of periods ago. The ROC indicator is built relative to the zero line, and the indicator moves up to the positive zone if price changes are directed upwards, and moves to the negative zone if price changes are directed downwards.
The indicator is calculated by the formula:
$$ ROC_t=\dfrac{S_t}{S_{t-i}}×100% $$
Where:$S_{t}$ is the closing price of the asset,$i$ is the length of the indicator.
A similar metric is calculated for the whole market. Assets arrive in the table sorted according to the ROC indicator.
Assets with the maximum ROC indicator.
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RSI, MACD, CCI, ADX, etc. scanners work according to a similar logic.
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Technical analysis widgets are located in the category with the same name.
Location of scanners.
Technical analysis scanners have a unified view with one column - value. The column contains data that corresponds to a specific model. The user has the ability to filter and sort incoming signals by value metric.
Technicals widgets.
The Rate of Change (ROC) is categorized as a momentum or velocity indicator because it measures the strength of momentum by the rate of change.