Volume (ROC) Rate of Change

pegasis

Member
Hello

is there a good strategy for Volatility rate of change?

or a good indicator to use for scans for vol rate of change?

Thanks
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

I wanted to create a volume rate of change percentile indicator. This indicator works on just about everything but not on options (like ticker .SPXW211011P4255). The standard Volume Rate of Change Indicator works, but not the percentile.

Does anyone know why that would be? Any help is greatly appreciated!

Code:
#Volume Rate of Change Percentile

declare lower;

input TimePeriod = 252;
input length = 14;
input colorNormLength = 14;

assert(length > 0, "'length' must be positive: " + length);

def VROC = if volume[length] <> 0 then (volume / volume[length] - 1) * 100 else 0;

def data = if !IsNaN(VROC) then VROC else VROC[-1];
def hi = Highest(data, TimePeriod);
def lo = Lowest(data, TimePeriod);
plot Percentile = (data - lo) / (hi - lo) * 100;
def lowend = Percentile < 25;
def highend = Percentile > 50;

input high_range = 95;
input low_range = 5;
 

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
466 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top