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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » TSV indicator

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Dwzrd
Posted : Monday, February 8, 2010 3:02:45 PM
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Joined: 10/7/2004
Posts: 25
Using a weekly chart, I add the TSV indicator to the middle pane of the chart screen. I can adjust the period of days for the indcator. My question is; if I place the number 3 in the period box will that be the TSV for the last three weeks or last three days? Does the period of days that is chosen for the chart have any control as to the period of days that any individual indicator covers?

DWZRD  (DAVID)
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Bruce_L
Posted : Monday, February 8, 2010 3:12:39 PM


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Joined: 10/7/2004
Posts: 65,138
 The Period of the TSV is the Period of a Moving Average applied to the raw TSV and is in Bars. So on a Daily Chart, the Period will be in Days and ona Weekly Chart, the Period will be based on the Weekly Bars instead.
-Bruce
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Dwzrd
Posted : Monday, February 8, 2010 5:00:07 PM
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Joined: 10/7/2004
Posts: 25
 I need further clarification regarding the time period covered by the TSV indicator;  on a weekly chart timeframe I insert 3 in the TSV period box. That covers 3 bars.  Is that the same as showing a moving average of three bar equal to three week? 
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Bruce_L
Posted : Tuesday, February 9, 2010 9:06:07 AM


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Joined: 10/7/2004
Posts: 65,138
 Yes, a 3-Bar Moving Average on a Weekly Chart is a 3-Weekly Bar Moving Average or a 3-Week Moving Average (keep in mind that the Weeks in TeleChart are based on a rolling 5-Trading Day Time Frame instead of Calendar Weeks).
-Bruce
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