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Worden Discussion Forum » General Discussions » Stock and Market Talk » using tsv for hourly charts
The wordens sell a video on TSV and It's intrepretation. I'm not shure setting is that important in terms of one works and another does not. I prefer to think in terms of swings that I want to catch and movements that are signifficnat to me. So I use an 18 and 24 period being a short term trader. Theoreticaly intra day or end of day dosen't really matter because it's all calculated off of bars anyway. I prefer exponential moving averages but some prefer simple. The significant action for TSV by design is that is crosses over zero line. However you can "Speed it up a bit" or try to catch something closer to the bottom by using a moving average a a trigger. I use an exponential moving average on one template and bolingerbands on TSV on another template. In a nut shell TSV trending up is associated with rising prices... more speciffically TSV above Zero generally corelates to rising prices and TSV below Zero with Falling prices.
hope that helps.