The Volume Rate of Change indicator measures the rate of change in the volume over a period of time.
Configuration Options
- Period: Number of bars to use in the calculations.
- Color Selectors: Colors to use for graph elements.
- Display Axis Label: Whether to display the most recent value on the Y axis.
Formula
[ VROC = frac{Volume – Volume_text{previous-period}}{Volume_text{previous-period}} times 100 ]