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thinkorswim Short Term Volume and Price Oscillator 09/20/09

Sylvain Vervoort’s Short-Term Volume and Price Oscillator.

  1. Eric Purdy
    One of our members requested an implementation of Sylvain Vervoort’s Short-Term Volume and Price Oscillator as described in the November 2007 issue of Stocks and Commodities magazine. In essence, when the price is trending up and volume is increasing, volume is added into the oscillator calculation. Conversely, when price is trending down and volume is increasing, volume will be subtracted from the oscillator. During consolidation phases when price and volume diverge, volume is not used to calculate the oscillator. A buy is indicated when the oscillator is below the green line but greater than yesterday’s value. A sell is indicated when the oscillator is above the red line but less than yesterday’s value. Also pictured are the Multi-Stops, Volume Profile, and Value Chart. SVAPO.png