##### Table of contents

## Volume Momentum

**Volume Momentum** is calculated by finding the difference between the closing prices of two successive intervals, and applying that amount as a multiple to the second interval's volume.

In this way both the direction (+ up or - down) of the price movement for the interval, and the magnitude (in terms of both overall price movement as well as volume of trade) of the movement can be plotted. An overall indicator of the interval's directional momentum will result.

The formula for calculating the **Volume Momentum** for a particular interval is as follows:

The resulting amount is plotted in its own indicator window below the price chart.

As the figure is either positive or negative, it oscillates above and below zero level on the y-axis.

This indicator can be effectively displayed as a line, histogram or step.

#### User Settings

There are no user defined parameters for the **Volume Momentum** calculation itself, however users do have control over various aspects of the indicator's visual display.

The **Style** selected for the plot can be one of the following: **Solid, Dashes, Dots, Points, Histogram** or **Step**.

The plot can be set to be displayed inverted. When this setting is turned on, a small **Inv** icon will appear in the **Volume Momentum's** scale (Y-axis).

Once the style is selected the **Color, Weighting** and **Visibility** can also be controlled from this page.

The **Scale's** display is controlled from the **Scale Settings** and **Scale Appearance** tabbed pages.

## Related

- Indicator Type Settings
- Indicators
- Using Indicators
- Indicator Properties
- Signals on Indicators
- Comparative Indicators
- Relative Strength Comparison
- Fundamental Indicators
- Annual Fundamental Types
- Daily Fundamental Types
- Momentum Indicators
- DMI
- Momentum
- Parabolic SAR
- Rate of Change
- Thermometer
- Moving Average Indicators
- Bollinger Bands
- Ichimoku
- MACD
- Mov Avg Bands
- Mov Avg Displaced
- Mov Avg Exponential
- Mov Avg Simple
- Mov Avg Weighted
- Oscillators
- Commodity Channel Index
- Oscillator
- Relative Strength Index
- Standard Deviation Channel
- Stochastic
- Volume Oscillator
- Williams %R
- Trailing Stop Indicators
- Trailing Stop ATR
- Trailing Stop FXTE
- Trailing Stop Percentage
- Trailing Stop Price
- Trend Indicators
- Highest High
- Lowest Low
- Pivot Points
- Swing Indicator
- Swing Overlay
- Volatility Indicators
- ATR Welles Wilder
- Average Range
- Average True Range
- Statistical Volatility
- Volatility
- Volex
- Volume Indicators
- Accumulation/Distribution Line
- Chaikin's Money Flow
- On Balance Volume
- Open Interest
- Volume
- Indicators Criteria

## Comments