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Short Term Volume and Price Oscillator

by Brian Brown, 4409 days ago

The Short term Volume and Price Oscillator is a technical analysis indicator created by Sylvain Vervoort.
The indicator is detailed here:
http://stocata.org/ta_en/proprietary.html

The short-term volume and price oscillator (SVAPO) is based on price & volume and their relationship in bullish (up trending) and bearish (down trending) markets.

The idea is to:
- Add the volume to a variable when both price and volume are moving up.
- Subtract the volume when the price is moving down and volume is increasing (trend confirmed by increasing volume).
- Keep the variable value unchanged when the volume is decreasing (no matter the direction of the price).

Once the variable is calculated several techniques are applied to make the result smoother.
Sylvain Vervoort says that using traditional smoothing techniques like the simple moving average creates a delay that is unacceptable for a short-term indicator. Instead, he uses a combination of heikin-ashi prices and a short term TEMA (triple exponential moving average).
Function Description:
Name: SVAPO
It returns the short-term volume and price oscillator and plots upper and lower levels.

Parameters:
Period: SVAPO period
Cutoff: Minimum %o price change
DevH: Standard Deviation High
DevL: Standard Deviation Low
Stdevper: Standard Deviation Period

a = SVAPO(8, 1, 1.5, 1.3, 100);
rule1 = a > 1.5*stddev(a, 100);

What is this?

 Type: Trading Indicator Object ID: 1154 Country: All Market: All Style: Technical Analysis

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