Letters To S&C by Technical Analysis, Inc. SVAPO (SHORT-TERM VOLUME AND PRICE OSCILLATOR) Editor, I enjoyed Sylvain Vervoort’s article in the November 2007 issue of STOCKS & COMMODITIES on the SVAPO indicator (“Short-Term Volume And Price Oscillator”). I use MetaStock for all my technical analysis and am currently using MetaStock 10. I have entered all the info for the indicator, and I am particularly interested in the code for the MetaStock Expert that you presented in Figure 8. I like your concept of increasing price with increasing volume and then being able to identify the corrections with decreasing volume for the longs and then doing the complete reverse for the shorts. Can you tell me what the code is that allows the MetaStock Expert to create the single colored arrows in Figure 8? DJ VATALERO Sylvain Vervoort replies: Please note that all arrows on all the charts in the November 2007 article on SVAPO are put on manually just to show the exact coincidence between price and SVAPO turning points. SVAPO is not meant to be used as a mechanical trading system. Please read how I apply the SVAPO in the December 2007 issue of S&C (“Short-Term Trading With SVAPO”). (CONTINUDED) |
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