# What Is This Number Called and What Indicator Tracks It?

So what is this number on the left panel that I have encircled? How is it computed and what indicator can I use to get its value?

That looks like percentage increase in price since the close of the preceding candlestick / bar, usually daily.

Looks like a Rate Of Change indicator - if you google it with mt4 you will see various.

You will see how itâ€™s calculated here:

https://school.stockcharts.com/doku.php?id=technical_indicators:rate_of_change_roc_and_momentum

I donâ€™t think itâ€™s Rate of Change because based on the article you gave â€ś The Rate-of-Change oscillator measures the speed at which prices are changingâ€ť. I think those numbers I am asking about shows not the speed but the amount (in percentage) of change that is happening. How those percentages are calculated, I still do not know.

As an example, letâ€™s assume the change and percentage change is based on the bid price, as that is what charts are usually drawn from.

Suppose the bid price now is 1.2500 and yesterdayâ€™s close was at 1.2400. The change is 1.2500 minus 1.2400 = +0.0100

The percentage change is 0.0100 as a percentage of 1.2400 = +0.81%

So you would see at the left of the panel,
+0.0100 (+0.81%)

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Based solely on my observation, I donâ€™t think it is the difference in the current price in relation to the previous dayâ€™s closing price. It seems that the percentage is in relation to the number of pips shown to the left of it

The number is the amount change since the last close. The percentage is that number expressed as a percentage of the value of the last close.

So of the last close was 1000 and the current price is 1500, the change is +500 and the percentage change is +50%.

Nah itâ€™s not Tommor is right thatâ€™s the pct increase/decrease from the last close (usually daily as stated).

Hi @forexseer, Workspaceâ€¦ Holy Grailâ€¦ Watchlistâ€¦ Armageddonâ€¦ You appear conflicted

Eg: AUDCAD +4 (Daily Pair Change in Pips) | +0.04% (Daily Pair Change in Percentage).

ROC is widely used, perhaps the link given doesnâ€™t explain best -

With ROC seeking to compare prices from a past defined period, the indicator values will either be above zero or below it. Zero will act as the centreline. When indicator values hover around zero, it will denote a consolidating market. A reading above zero will imply a bullish sentiment in the market; whereas a reading below zero will imply a bearish sentiment in the market

But it is not momentum:

ROC and momentum are two different indicators designed to help traders decipher a similar price element â€“ momentum. Both indicators tell a similar story and can be used interchangeably.

The main difference between the two lies in their calculation. ROC values are expressed as a percentage, while Momentum Indicator values are absolute values.

Anyways - here is one not dissimilar to the image in post 1 - except being mt4 and an indicator they place it along the bottom.

Thanks a lot guys! I believe you are right that it is the percentage of change of the current day/period compared to the previous periodâ€™s closing price. This will help me become a multi-millionaire next week. LOL

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I am going to add this parameter as one of the requirements for my botâ€™s trading algorithm when I make it trade the daily timeframe. Itâ€™s already doing quite well after 3 weeks of forward testing. +53% ROI and almost 43K pips in profits. Thanks again for the great help! Hopefully, my bot will do just as well on the higher timeframes as it is doing in the lower timeframes by incorporating the ROC parameter.
https://www.myfxbook.com/portfolio/rumi-bot-v1/5622636