StockFetcher Forums · General Discussion · Time Segmented Volume<< 1 2 >>Post Follow-up
poindexter
21 posts
msg #36986
Ignore poindexter
7/20/2005 7:15:27 AM

Does anybody knows the formula for Worden Brothers"Time Segmented Volume (or TSV)"?

Thanks


TheRumpledOne
6,358 posts
msg #36988
Ignore TheRumpledOne
7/20/2005 11:09:23 AM

Time Segmented Volume
A proprietary technical indicator developed by Worden Brothers, Inc. TSV is an oscillator, which is calculated by comparing various time segments of both price and volume. TSV essentially measures the amount of money flowing in or out of a particular stock. The horizontal line in the middle, which extends across the entire length of the indicator window, represents the zero line. When TSV crosses up through the zero line it signals positive accumulation or buying pressure. This action is considered bullish. Conversely, when TSV crosses below the zero line it indicates distribution or selling pressure, which typically precedes a move down in price


"A proprietary technical indicator" is the key... looks like the formula is a secret...



TheRumpledOne
6,358 posts
msg #36989
Ignore TheRumpledOne
7/20/2005 11:13:17 AM

http://www.tradeon.com/tradeon/tc2000/tsvug.html




TheRumpledOne
6,358 posts
msg #36990
Ignore TheRumpledOne
7/20/2005 11:14:28 AM

BINGO.. FOUND IT!

http://amibroker.com/library/detail.php?id=358

Formula:
// Time segment value

TSV=(Sum( IIf( C > Ref(C,-1), V * ( C-Ref(C,-1) ),
IIf( C < Ref(C,-1),-V * ( C-Ref(C,-1) ), 0 ) ) ,18));

MAY ALL YOUR FILLS BE COMPLETE.

Plot(TSV,"TSV",1,1);




poindexter
21 posts
msg #37093
Ignore poindexter
7/27/2005 3:01:11 AM

Thnk you very much TheRumpledOne. You helped another confused trader again.
Keep up the good work.


poindexter
21 posts
msg #37095
Ignore poindexter
7/27/2005 4:34:06 AM

Now can you or anyone else translate it to SF?
I would realy appreciate it.

Thanks



hrbmd2
14 posts
msg #53913
Ignore hrbmd2
8/8/2007 6:37:52 PM

RumpledOne,

Did anyone ever translate this into SF code?

Thanks.

bbrodka
14 posts
msg #53917
Ignore bbrodka
8/8/2007 9:04:12 PM


_SECTION_BEGIN(" Time Segmented Volume ");

t=(Sum(IIf( C>Ref(C,-1), (V*(C-Ref(C,-1))),IIf(Cm=MA(t ,7 );
Plot(t, "Time Segmented Volume 13", colorRed);
Plot(m, " Simple Moving Average 7" , colorYellow);

_SECTION_END();

hrbmd2
14 posts
msg #53918
Ignore hrbmd2
modified
8/8/2007 9:49:07 PM

bbrodka,

Can this be done in StockFetcher format?

karennma
6,386 posts
msg #53930
Ignore karennma
8/9/2007 8:29:52 AM

As per Investopedia:
Time Segmented Volume - TSV
A technical analysis indicator developed by Worden Brothers Inc. that segments a stock's price and volume according to time intervals. The price and volume data is then compared to uncover periods of accumulation (buying) and distribution (selling).
This indicator is similar to On-Balance Volume because it measures the amount of money flowing in or out of a particular stock.

So, if that's the case ...

OBV is below 0 and has been increasing for 3 days
and close > 1
and volume > 500000
and date offset 5

or whatever ...
:>)




StockFetcher Forums · General Discussion · Time Segmented Volume<< 1 2 >>Post Follow-up

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