The indicator for the volume rate change for MetaTrader, commonly referred to as VROC, is a customized trading tool that monitors the fluctuations in market volume. This indicator was created to provide you with an image of the frequency at which the quantity of an asset changes.
The indicator’s algorithm analyzes and displays the changes in the volume of an asset by dividing the volume change in the last period by n-periods. The n-period can be days, weeks, or even months.
The indicator identifies the rate at which the volatility of an asset is shifting. This could be a great way to enhance your analysis of technical aspects and provide a clearer understanding of the market’s movements to make better decisions about trading.
The indicator for the volume rate change is ideal for beginners as well as experienced traders. It is suitable as a scalper for day, intraday, or swing trading.
How to Trade Using Indicate Change in Rate of Volume
The screenshot above shows what the indicator will look like on the chart of your MT4.
The indicator does not provide a picture of a buy/sell chart. It is therefore suggested to use it as a confluence indicator to determine what the market could perform at a crucial level.
For example, an extremely significant volume change could be used to predict the breakout of a significant resistance or support level (e.g., trend line, etc.). The same goes for price. possibly reverse within a support/resistance zone if changing volume is not high.
Conclusion
The volume rate change indicator for MT4 is the most trusted tool for volume analysis that will give you an accurate picture of the main trend. In addition, the indicator is available to download for free.
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