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Registered User
Joined: 4/5/2005
Posts: 17
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in watching mark larson's dvd 12 indicators that really work, one indicator that he mentions is wilder's rsi + tsv. Is this something that can be found readily in tc2005 or is it a pcf? If it is a pcf would someone already know the formula? any input appreciated. thank you.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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I'm not sure how Mark combines the two. Perhaps he plots them both and looks at the relationship between them. Both are available in TeleChart 2005, though TSV is a proprietary calculation, so the formula is not made publicly available.
If you can provide more information on this RSI+TSV indicator, perhaps we can help you figure out how to set it up in TeleChart.
- Doug
Teaching Online!
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Registered User
Joined: 4/5/2005
Posts: 17
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ok, watched the tape again and here is what Larson says, TSV-18 when crosses 50% level it is buy signal. Wilder's RSI is a very commonly used lagging indicator. When used with Time Segmented Volume(TSV) and the right parameters it becomes a very powerful indicator. The combination of a lagging indicator(Wilder's RSI-14) and the leading indivator (TSV-18) helps identify a better entry and exit points. So two indicatoes put them together to create one and which he calls RSI-TSV indicator.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Sounds like you simply plot TSV18 and Wilder's RSI 14 in the same window, and watch the relationship. You can do indicator sorts comparing one to the other, and you can also sort TSV to find stocks where TSV is crossing up through the zero line (which is what I assume Larson must mean by the 50% level).
Here are some training videos that demonstrate the techniques, although different indicators are used in the videos.
Sort by Visual Value to find new highs and lows in price and indicators
Sort by indicator or price movement using Visual Change sorts
Comparing indicators using Visual Difference sorts
- Doug
Teaching Online!
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Registered User
Joined: 10/7/2004
Posts: 799
Location: Duluth, GA
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Let's try that again ... check out the thread:
PCF for the TSV crossing the RSI
Jim Dean
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Registered User
Joined: 4/5/2005
Posts: 17
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Doug H., or Tamstaafl or anyone else,
is there an e-mail address I can send you a pdf of the video? From it, maybe you can tell me if the graph they have is what you tried to explain to me. Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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In his video he talks about TSV and RSI and using them together or in conjuction (but not by how the interact WITH each other; crossings, etc.)
The value of the center line in TSV is zero, in RSI it is fifty...
Does this help?
- Craig
Here to Help!
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