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Created page with "The Volume Rate of Change indicator calculates the percentage difference between the latest bar's volume and the volume of a bar in the past (default is 14 bars ago). Then th..."
The Volume Rate of Change indicator calculates the percentage difference between the latest bar's volume and the volume of a bar in the past (default is 14 bars ago). Then the difference is plotted as a histogram. The plot fluctuates above and below a zero line. The Volume Rate of Change can show the strength or weakness of a price trend. Positive values are plotted above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse.
== Default Inputs ==
'''Length (14)''' sets the number of previous bars for calculation.<br>
'''ColorNormLength (14)''' sets the number of bars over which to normalize the indicator for gradient coloring.<br>
'''UpColor (Cyan)''' sets the color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''DnColor (Magenta)''' sets the color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''GridForegroundColor (Black)''' sets the color for numbers in the Scanner cells when both UpColor and DnColor are set to positive values.<br>
[[Category:Pre-built Indicators]]
== Default Inputs ==
'''Length (14)''' sets the number of previous bars for calculation.<br>
'''ColorNormLength (14)''' sets the number of bars over which to normalize the indicator for gradient coloring.<br>
'''UpColor (Cyan)''' sets the color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''DnColor (Magenta)''' sets the color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting.<br>
'''GridForegroundColor (Black)''' sets the color for numbers in the Scanner cells when both UpColor and DnColor are set to positive values.<br>
[[Category:Pre-built Indicators]]
