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Investor/RT Tour
( more on Technical
Indicators )
Percent Change Volume or Price
| The Formula
. . . |
. . .more
on Formulas |
PerChg =
100 * (Price - Price[n])
/ Price[n]
; where n is the period and Price[n] is
the price (or volume) n periods ago. |
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| The
Presentation . . . |
. . . more
on Charts |
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Above is a Daily Candlestick Chart of Cisco Systems
(CSCO). The bold green line in the lower pane represents the
10 Period Price Percent Change, as specified in the preference
window below. A horizontal reference line is automatically
draw at zero. |
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| The
Preferences . . . |
. . . more
on Preferences |
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-
% Change in
Price/Volume - Here you choose whether you want
to use closing price, or volume for percent change data.
-
% Change Period
- Number of bars back to compare the current data to when
computing percent change.
-
Line Color - Color
of percent change line in chart.
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The
Description . . . |
The Percent Change Indicator calculates and draws a line showing the n-period percent change in either volume or price for an instrument. The indicator oscillates around zero with positive values indicating increasing prices (or volume) and negative values indicating declining prices (or volume). If you wish to see both percent change to volume and percent change in price in the same chart, apply the indicator multiple times , once with "Price" check marked, and again with "Volume" check marked. You can add both to the same chart window pane if you like.
This indicator graphs the percent change in price or volume (or both) over a specified time period. It can be very useful in gauging whether volume has confirmed a price move by increasing with the move. By the same reasoning, decreasing volume while price moves in a given direction may represent the countertrend. |
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