VROC Indicator

VROC Indicator

Volume Rate Of Change indicator for MT5 is the best volatility indicator for MT5. Free support and resistance indicator. Trend reversal indicator for MT5.

The Volume Rate Of Change Indicator for MetaTrader, also known as VROC Indicator, is a special trading tool that measures the rate of market volume fluctuations. The indicator was designed to give you a visual representation of the rate at which an asset’s volume fluctuates.

The indicator algorithm evaluates and displays the change in the volume of an asset by dividing the change in volume over the last n periods. The N-period can be days, weeks or months.

In essence, the indicator measures the rate of change in the volatility of a trading asset. This can potentially enhance your technical analysis and give you a clearer view of the market movement to make better trading decisions.

The VROC indicator is suitable for beginners and experienced traders. It is also recommended for scalping, day/intraday and swing traders.

How To Trade With VROC Indicator

The screenshot above shows how the indicator will look on your MT5 chart.

This indicator does not draw a BUY/SELL signal on your chart. Therefore, it is recommended to use it as a confluence to confirm/anticipate what the market might do at a critical level.

For example, a high rate of volume change can be used to predict a breakout of a strong support/resistance level (eg trend lines, etc.). Similarly, price may reverse into a support/resistance zone when the rate of change in volume is low.

Conclusion
VROC for MT5 is the most reliable volume analysis trading tool that will give you a clear picture of the main trend. Moreover, the indicator is free to download.