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i feel this information is incorrect. Ask worden and they will confirm
my statements.
Sean
Robert H. Bishop wrote:
>
> 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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