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Volume ROC for Amibroker (AFL)

RAJESH D. almost 16 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    oscillator, amibroker

Rate of Change Volume (ROCV) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator.

ROCV highlights increases in volume, which normally occur at most significant market tops, bottoms and breakouts.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("vol roc");
Value1 = Volume - Ref(Volume,-12);

Value2 =  Ref(Volume,-12);

Value3 = (Value1/Value2)*100;

Plot(Value3,"VRoc",12,1);
_SECTION_END();

1 comments

1. hoierman
about 15 years ago

Nice idea … But chart doesn’t show properly. Also, I’m wondering if you could incorporate both Volume and Price (Close) in one chart. Let me know

Dick

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