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Time Segmanted Volume

 
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abbo



Joined: 12 Sep 2004
Posts: 148
Location: australia

PostPosted: Tue Jan 31, 2006 10:36 pm    Post subject: Time Segmanted Volume Reply with quote

I read with interest the reference in an earlier post about the Time Segmented Volume oscillator.
My searches so far have been unable to find a formula for this oscillator although there are numerous discussions available about how to apply TSV
Could some one provide me with a formula so that I might program it into one of my trading platforms for analysis. Non of my current platforms has it as a stand alone indicator
For information, TSV appears to be similar to an indicator setup I use where I plot On Balance Volume (OBV) along with some moving averages over a number of different time frames of the raw OBV data. This gives a volume analysis of a stock different to the usual price analysis. This can be useful for the bigger (longer time frame) picture of where a stock is heading.
Thanks
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Guest






PostPosted: Wed Feb 01, 2006 1:28 am    Post subject: Reply with quote

TSV is a proprietary indicatro developed by Don Worden and only avialable on Worden Bros. Telechart Scanning software. It does track closely to OBV.
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Guest






PostPosted: Wed Feb 01, 2006 9:00 pm    Post subject: Reply with quote

Thanks for the reply.
Indicators do not play a significant roll in my trading decisions however my interest in mathematics keeps me doodling with the indicator side of things.
For those with a similar interest, I am thinking about applying a MACD type principal of %K and %D crossover to volume or OBV to see how this correlates with trades.
If anyone can give a word picture of how they believe TSV is derived that would also be of interest to me
Thank you
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Bookworm



Joined: 29 Dec 2005
Posts: 71
Location: Lubbock, TX

PostPosted: Wed Feb 01, 2006 9:50 pm    Post subject: Reply with quote

I suspect, as its name implies, that TSV measures volume at particular times of the day. I have heard the claim that more than half of all volume is traded during the first and last hours of the day. The rest is usually backing and filling. I suspect that TSV weights last hour volume in some way, sort of like an exponential moving average.

Similarly, I believe another Worden Bros. indicator, BOP, uses large-block trades (50 lots +) as its primary data and ignores or underweights retail buyers who grab one or two lots at a time.

Happy figurin'.

Pace,

Bookworm
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abbo



Joined: 12 Sep 2004
Posts: 148
Location: australia

PostPosted: Thu Feb 02, 2006 1:00 am    Post subject: Reply with quote

[quote="Anonymous"]Thanks for the reply.
Indicators do not play a significant roll in my trading decisions however my interest in mathematics keeps me doodling with the indicator side of things.
For those with a similar interest, I am thinking about applying a MACD type principal of %K and %D crossover to volume or OBV to see how this correlates with trades.
If anyone can give a word picture of how they believe TSV is derived that would also be of interest to me
Thank you[abbo]
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