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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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