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Volume ROC for 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.
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Indicator / Formula
Copy & Paste Friendly
_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
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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