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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
Trading Rule Example:
a = SVAPO(8, 1, 1.5, 1.3, 100);
rule1 = a > 1.5*stddev(a, 100);
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
