Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility.
In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative trend). If the market is looking for a direction, if the price is in the bottom side of his current trading range and if, at the same moment the VAPI osc slopes up, there is accumulation on the stock and that the prices should start to climb. The SELL signal is given when the VAPI decreases (distribution). Divergences are usually very effective too.
Tuning the "length" parameter may be needed for your instrument (default is 10), do let me know if you find a different value to be optimal for majority of instruments.
Lazy bear, if the volume accumulator filler space is white (no red or green color) what does that indicate?
DaytimeTinkerer
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@gcazswtr, why you trolling? hint, change to dark theme and filler space will be black. :)
GOVYTrader
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reminds me a bit of a squeez indcator you made, you basically changed the way i now think on the market, you and John carter have changed my p/l ths year, really like what you are doing here keep up the great work.
cant find his squeeze indicator, how can i find it. thx
smalk
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@LazyBear Could you please provide more documentation of examples to understand usage.
markredd87
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hi, this is great to confirm other indicators thanks v much. I'm using 12 setting on commodities. Does anyone know if it is possible to set up CONTINUATION volume for a front month contract? It is usually a simple click of a button on most sites but i can't see it here. thanks!
teijahn
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@markredd87, re your confirmation of indicators comment, works very well as supplement/complement to Classic Scott's +ROC/OBV indicator, as well as my basic indicators RSI 5/5 & MACD 6/9/3. I'm using std setting on stocks mostly < $15.00. Cheers