Registered User
Joined: 4/8/2005
Posts: 16
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Most of the indexs (other than that major) viewed on telechart do not show volume data. The SP 400, Dollar Index, DJ transports, etc are a few examples. However, telechart will plot TSV and Moneystream for you, how is this so without volume data in the system? I usually try to view an industry group or an ETF since i see volume clearly on my volume bars and and suspect TSV and Moneystream are more valid. Is this a concern or not? In summary, i am unclear how telechart can show MS and TSV, while not showing volume bars for the same chart.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Nothing, technically, has no volume in TeleChart. You will notice that most indexes in TeleChart have the SAME volume every day.
MoneyStream, as part of its nature, will identify and compensate for this in its calculation. TSV still calculates but volume is no longer a factor in its changes.
With TSV, you are more likely to see divergences if the ticker has a changing volume number.
You may find this helpful:
Don Worden on the history of BOP and MoneyStream
- Craig
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