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Angel:
There was a thread on this a few months back. Here is what I know about it.
OBV (on balance volume)takes the cumulative EOD volume and adds the daily
volume it if the price closes up or subtracts the daily volume if the price
closes down.
TSV (time segmented volume) takes the volume traded over a shorter period of
time and adds it to the cumulative volume in a similar manner as with OBV. I
think that the cumulative TSV for the day is added/subtracted to the
cumulative daily TSV.
As far as I know only TC2000 is providing this indicator. They don't talk
much about it except to say that its proprietary and that when OBV and TSV
are in sync, it is a powerful signal.
>From TC 2000 on line help
"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."
Hope this helps.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Angel Ibarra <ibarra5@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, September 10, 2000 5:12 AM
Subject: RE: Float Analysis
Lionel,
Can you send some information about TSV indicator? I do not know nothing
about it.
Thanks in advance
Angel Ibarra
-----Mensaje original-----
De: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]En nombre de Lionel Issen
Enviado el: sábado, 09 de septiembre de 2000 5:24
Para: metastock@xxxxxxxxxxxxx
Asunto: Re: Float Analysis
The effect of volume on price is a difficult topic. Intuitively it would
seem that they should be closely related. In reality the only indicators
that seem to be helpful, and then only if confirmed by other indicators, are
TSV (time segmented volume) and OBV (on balance volume)
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: jhmtn <jhmtn@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, September 08, 2000 6:30 PM
Subject: Re: Float Analysis
> Perhaps we could at least figure out the algorithym
> then the coding wouldn't be so difficult.
>
> Finding the number of shares in the float isn't that
> difficult and calculating the nuber of shares for a
> summation of daily (or maybe even intra-day)
> isn't that difficult.
>
> What I don't understand is the way the amount of
> shares that must be traded around a major low is
> calculated. There seems to be no set number of
> days before of after the low involved. Also the
> "rules" to sum a Major and Minor low's
> volumes with those of the intervening trading
> volume seem to vary.
>
> Any one have any ideas?
>
> There is a web site created by Woods, the creator
> of the technique @ http://www.floatanalysis.com/ .
>
> John
> ----- Original Message -----
> From: "Lionel Issen" <lissen@xxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Friday, September 08, 2000 3:18 PM
> Subject: Re: Float Analysis
>
>
> > Include me too
> > Lionel Issen
> > lissen@xxxxxxxxx
> > ----- Original Message -----
> > From: jhmtn <jhmtn@xxxxxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Friday, September 08, 2000 12:19 PM
> > Subject: Re: Float Analysis
> >
> >
> > > Yes, ..... I'd be interested in this too. Anyone know how to code it?
> > >
> > > Thanks, ....... John
> > > ----- Original Message -----
> > > From: <leo.timmermans.lt@xxxxxxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Wednesday, August 30, 2000 3:28 AM
> > >
> > >
> > > > Hello,
> > > >
> > > > Has anybody implemented the WCVFI (Woods Cumulative Volume Float
> > > Indicator) and
> > > > willing
> > > > to share it ? Anybody experience with Float Analysis ?? (see
> > > > www.floatanalysis.com)
> > > >
> > > > Thanks,
> > > >
> > > > Leo
> > > >
> > >
> >
> >
>
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