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I don't think that this is correct. It looks like plain OBV. TSV as per
TC2000 is distinctly different to OBV
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: j seed <jseed_10@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, August 14, 2000 2:51 PM
Subject: Time Segmented Volume
> Eric,
> Here's a TSV that was posted on this list some time back.
> J.
>
> {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}))
>
>
> >From: Eric Duchesne <ericduchesne@xxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: metastock@xxxxxxxxxxxxx
> >Subject: Re: M. Prings discounted MetaStock's CDs.
> >Date: Mon, 14 Aug 2000 12:29:31 -0400
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> >
> >You are stating TSV from TC 2000. Do you have the formula in order to put
> >it into Metastock or better the formula in order to put it into Excel.
> >Any help or hint will do.
> >
> >thank you
> >
> >eric
> >
> >On Sun, 13 Aug 2000 19:02:52 -0500 "Lionel Issen" <lissen@xxxxxxxxx>
> >writes:
> > > TC2000 recommends using OBV with TSV (time segmented volume), when
> > > they are both insync its a good signal. This sort of confirms my
> > > experience with OBV, that is don't use it by itself.
> > >
> > > If your referring to the change about a month ago, several other
> > > indicators also gave signals to sell, macd, stoch, and mov.
> > > Lionel Issen
> > > lissen@xxxxxxxxx
> > > ----- Original Message -----
> > > From: Songyun Fox
> > > To: metastock@xxxxxxxxxxxxx
> > > Sent: Sunday, August 13, 2000 12:50 PM
> > > Subject: Re: M. Prings discounted MetaStock's CDs.
> > >
> > >
> > > Hello.
> > > I use OBV on DJIA and stocks. BBY gave a great Sell signal using
> > > Granville OBV.
> > >
> > > If you'd like to see the chart I'd be happy to send it.
> > >
> > > Songyun
> > >
> > > Lionel Issen wrote:
> > >
> > > Joe:
> > > I have tried several versions of OBV, most of them don't give
> > > very different
> > > or better/worse signals than Joe Granville's method. The only
> > > one I've seen
> > > that may be better is the Time Segmented Volume used by TC2000.
> > >
> > > Lionel Issen
> > > lissen@xxxxxxxxx
> > > ----- Original Message -----
> > > From: <Arsk0jn@xxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Cc: <Arsk0jn@xxxxxxx>
> > > Sent: Saturday, August 12, 2000 5:45 PM
> > > Subject: Re: M. Prings discounted MetaStock's CDs.
> > >
> > > > Lionel, in addition to the points you make there was a serious
> > > flaw in the
> > > > way Granville determined OBV. He applied all of the daily
> > > volume either to
> > > > the up-volume or down-volume depending on whether the stock
> > > closed up or
> > > down
> > > > for the day. Thus a stock closing up 1/8 point on one million
> > > shares would
> > > > have the same increase in OBV as a stock moving up 2 points on
> > > one million
> > > > shares. I read an article in the early '70's that calculated
> > > the up-volume
> > > > as: ((High - Open) + (Close - Low))/2(High - Low). The reverse
> > > for
> > > > down-volume. This gives a much more accurate evaluation of
> > > > accumulation/distribution.
> > > >
> > > > The first edition of Perry's book was published in 1978. Based
> > > on its
> > > > success, Perry was asked by Conti Commodity in St. Louis to
> > > manage a
> > > > commodity account ($10,000 minimum to join). It did not do
> > > well in the
> > > 1980
> > > > swing and was closed some time later. Which just goes to show
> > > that just
> > > > because you can write a good cookbook doesn't necessarily mean
> > > you're a
> > > good
> > > > cook.
> > > >
> > > > Joe Nemecek
> > >
> >
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