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searay21
Posted : Wednesday, January 2, 2008 1:24:25 PM
Registered User
Joined: 12/2/2006
Posts: 7
does TSV work for intraday hourly charts? Please advise. Thanks!
Craig_S
Posted : Wednesday, January 2, 2008 1:25:42 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Can you plot it on hourly charts?  Yes.

Is that what you mean by "work"?

- Craig
Here to Help!
searay21
Posted : Wednesday, January 2, 2008 1:30:06 PM
Registered User
Joined: 12/2/2006
Posts: 7
If I'm using TSV on an hourly basis over say a 5 day period, what should I use for the TSV setting? Also, am I supposed to use a moving average with it? Should it be simple or exponential? Also, what setting should I use for the m.a.? Please advise. Thanks!
Craig_S
Posted : Wednesday, January 2, 2008 1:31:33 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
We trainers cannot offer setting suggestions.  I will move this to the Stock Talk forum for you so others can offer their opinions.

I would consider starting by using TSV the same way you do on a daily chart.

- Craig
Here to Help!
scottnlena
Posted : Wednesday, January 2, 2008 4:14:33 PM

Registered User
Joined: 4/18/2005
Posts: 4,090

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.

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