Volume Change Rate - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

It seems that the Volume Change Rate indicator becomes interesting since now we also have the possibility to use actual volumes (provided by brokers).

The Volume Rate of Change indicator (VROC) measures the rate of change in volume over the past "n" trading days. In other words, VROC measures current volume by comparing it to volume "n" periods or sessions ago.

VROC can be a powerful technical indicator. When the rate of change is high, you can compare the price to any technical support or resistance levels, or use any other price-based technical indicator.

In this case, the Volume Rate indicator can tell you in advance whether a support or resistance level can be broken and can confirm the trend.

The Volume Rate of Change indicator can be used in a variety of ways. There are quite a few trading strategies that also use information from the VROC indicator.

Most commonly, the Volume Change indicator can be used to identify false breakouts in the market. Volume is typically stronger when the market trades at new highs. This confirmed high and renewed interest in the security, driving higher volumes.

However, when volume fails to validate new highs, you may see a price pullback.

Attachment download

📎 vroc.mq5 (5.54 KB)

Source: MQL5 #19922