indicator · own pane · open source
Volume Rate of Change
Running…
Loading chart…
About
Volume Rate of Change (VROC) is the percent change in volume from len bars ago — the loudest, simplest 'is volume exploding' indicator.
- Spike above +100% = climax / climax-candidate bar.
- Sustained negative = participants are fading; expect low-volatility drift.
Source code
//@version=5
indicator("Volume Rate of Change", overlay=false)
len = input.int(14, "Lookback", minval=1, maxval=200)
vroc = 100 * (volume - volume[len]) / volume[len]
hline(0, "Zero", color=color.gray)
p_VROC__ = plot(vroc, "VROC %", color=color.blue, style=plot.style_histogram, linewidth=2)
No comments yet.
Sign in to comment.