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Mike:
I agree with you, but this is NOT a formula for TSV. TSV requires real time
price and volume.
OBV makes a calculation once per day. Any variety of TSV makes a
calculation several to many times per day.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Mike Campbell <ug@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, August 16, 2000 8:19 AM
Subject: Re: Time Segmented Volume
> j seed writes:
>
> > Wish I could vouch for the accuracy of the formula but I can't. I do
> > think that the use of the "If" statement eliminates the need for
> > additional parentheses. Try it both ways and see if it makes a
> > difference.
>
> I think he means arithmetically.
>
>
> > > > > {Time Segmented Volume}
> > > > > {TSV..plot with MA of 9}
> > > > > (Sum(If( C, >,Ref(C,-1), +V*C-Ref(C,-1),
> > > > > If(C,<,Ref(C,-1),-V*C-Ref(C,-1),0)),18{18}))
> > >
>
>
> As written, -V*C-Ref(c, -1) would (in every other system I've seen)
> mean:
>
> (-V * C) - Ref(C, -1)
>
> whereas what is probably meant is
>
> -V * (C - Ref(C, -1))
>
> since "*" binds tighter than "-".
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