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Volume Rate of Change Indicator

The volume rate of change indicator is used to gauge the volatility in a security’s volume. The volume rate of change is a powerful indicator when estimating a security’s ability to push through key resistance. It is calculated the exact same way as the rate of change indicator except instead of tracking the closing price it tracks volume. The calculation is: Volume ROC = ((Volume – Volume n-periods ago )/ Volume n-periods ago) *100.

To apply a Volume Rate of Change Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Volume Rate of Change and click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures