VolumeROCReturn value of the Volume of the Price Rate of Change over the last N periods.
Syntax:
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1 |
VolumeROC[N] |
The calculation is the same as for a ROC but calculated on the volume.
Interpretation :
The VROC divides today’s volume by volume x days ago.
This indicator represents the speed of change of volume. When the indicator rises above its resistance, a buy signal is announced.
Example:
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1 2 3 4 5 6 7 8 9 |
i1 = VolumeROC-VolumeROC[1] if (i1 > 50) THEN highVolumeROCspotted = 1 ELSE highVolumeROCspotted = 0 ENDIF RETURN highVolumeROCspotted |
