The WinWay EDS code based on Vitali Apirine’s June 2015 article in S&C, “The Slow Volume Strength Index,” is provided for download from the following website:
www.TradersEdgeSystems.com/traderstips.htm
!THE SLOW VOLUME STRENGTH INDEX
!Author: Vitali Aiprine, TASC April 2015
!Coded by: Richard Denning 6/10/2015
!www.TradersEdgeSystems.com
!INPUTS FOR INDICATOR:
emaLen is 6.
wilderLen is 14.
!INDICATOR FORMULAS:
ema is expavg([close],emaLen).
pDif is iff([close] – ema > 0,[volume],0).
nDif is iff([close] – ema < 0,[volume],0).
rsiLen is 2 * wilderLen – 1.
AvgU is expavg(pDif,rsiLen).
AvgD is expavg(nDif,rsiLen).
svsi is 100-(100/(1+(AvgU/AvgD))). !PLOT
The code provided for the slow volume strength index (SVSI) may be plotted as an indicator, as shown in Figure 6.
Sample Chart
FIGURE 6: WinWay TradingExpert Pro Charts. Here is the SVSI (6,14) indicator compared to the classic RSI (14).
—Richard Denning
info@TradersEdgeSystems.com
for AIQ Systems
English