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Registered User
Joined: 3/16/2005
Posts: 36
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On today's Note, it says" MoneyStream was very divergent at this bottom and is climbing now faster than the price.", what do you mean by " very divergent?
by the way, what does TSV, MS mean, what do they suggest? what is a good sign in turns of TSV and MS?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Here is Craig's reply to you when you posted a very similar question back in May, liqixin.
What does TSV or MS divergent mean?
You ask for a good sign in terms of TSV and MS. Do you mean a good sign for a taking a long position, a short postition, holding an existing long or short position? It depends on what you're looking for. Generally speaking, regardless of the indicator you reference, if you're looking at divergences between the indicator and price, if the indicator is more bullish than price is over a particular period, that is said to be a positive, or bullish divergence.
You may also be interested in the following link, where you'll find additional links to articles about the Worden proprietary indicators...MoneyStream (MS), Time Segmented Volume (TSV), and Balance of Power (BOP).
Hi, I'm looking for the most efficient way to sift through stocks
- Doug
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I believe you are referring to the 6/21/05 note by DW on the ticker IM.
Divergence is when the indicator is more or less bullish or bearish than price.
On this stock notice that price in June came down and tested the lows it established in April. MoneyStream did not fall and test its lows in April. Notice that now MS is close to testing the highs it established in May. Price is nowhere near its May highs.
TSV is Time Segmented Volume. MS is MoneyStream.
Here is a thread to check out:
BOP
- Craig
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