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Worden's TSV is calculated on end of day data as that is what TC2000 Data
is.
It can't be a tick volume indicator.
-----Original Message-----
From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, January 24, 1999 11:22 PM
Subject: Re: TC2000 Time segmented volume
>Jim:
>
>Shortly after Joe Granville's first book came out, the one on TA, and I
>think before the OBV book came out, Worden was indeed publishing his tick
>volume letter.
>
>Intuitively tick volume, or time segmented volume, would seem to be more
>useful than OBV. As a measurement, tick volume is more precise than daily
>OBV. Are there any studies that show whether or not tick volume is more
>accurate than daily OBV? It seems to be like using real time data versus
>end of day data. It may depend on your trading style, and on your time
>frame?
>
>Does anyone supply tick volume anymore? How does it compare with other
>similar indicators?
>
>Lionel Issen
>-----Original Message-----
>From: Wooglinx@xxxxxxx <Wooglinx@xxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Sunday, January 24, 1999 12:04 AM
>Subject: Re: TC2000 Time segmented volume
>
>
>>Many years ago, when the father of the current owners of TC2000 was active
>he
>>published a market news letter. I believe it was called the Worden Tape
>>Reader. He had an indicator he called Tick Volume. For any given security,
>he
>>measured the volume on every tick up or down and accumulated the value. Up
>>tick volume was positive, down tick volume was negative. Increasing
>>accumulative tick volume was an indication of buying pressure. If I'm not
>>mistaken, there approach actually preceded Joe Granville's On Balance
>Volume
>>work/publication.
>>
>>About 5 -6 years ago, I had a lengthy conversation with one of the current
>>Worden brothers and I got the clear impression that Time Segmented Volume
>is
>>the same as his fathers' tick volume.
>>
>>As such, there is nothing in MetaStock EOD that would measure tick volume.
>I
>>don't know if something in MetaStock Real Time can do the same thing.
>>
>>Good luck and good trading,
>>
>>Jim Barone
>
>
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