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Volume
Rate-Of-Change
Description
The
Volume Rate-Of-Change (R.O.C.) indicator is
calculated by dividing the volume change over the
last x-periods
by the volume x-periods ago.
The result is the percent by which the
volume has changed over the last x-periods.
If
volume is higher today than x-days
ago, the R.O.C. will be a positive number. If
volume is lower today then x-days
ago, the R.O.C. will be negative.
Interpretation
The Volume R.O.C.
is calculated identically to the Price
R.O.C., except it displays the R.O.C. of the
security's volume, rather than of its closing
price. Additional
information on the interpretation of volume trends
can be found in the discussion on the Volume
Oscillator. |
