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Registered User
Joined: 3/12/2005
Posts: 32
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If I like a particular TSV setting for a daily chart, does it follow that the same setting should be 1/5th for a weekly chart? I mean in this sense is TSV essentially a proprietary MA?
I poured through some of the threads here and only saw a lot arguments.I am not looking for a magic number, I just want to know if I understand what TSV is.
Thanks for any feed back!
KingCAMBO
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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TSV is not a moving average (though moving averages can be applied to it). I don't understand your 1/5th question, can you elaborate?
- Craig
Here to Help!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (kingcambo) If I like a particular TSV setting for a daily chart, does it follow that the same setting should be 1/5th for a weekly chart?
kingcambo,
The answer is "sort of". I will explain.
Consider a simple moving average of period 25 on closing prices:
(C0+C1+C2+C3+...+C24)/25
If we switch to a 5 day chart and use a period of 25/5 = 5. the moving average is:
(C0+C5+C10+C15+C20)/5
where the Cs remain the daily closes. We expect these two results to be about the same.
Now, let's consider a simple moving average of period 25 on TSV1 (designated TSV25 Simple):
(TSV1.0+TSV1.1+TSV1.2+TSV1.3+...+TSV1.24)/25
where the TSV1s are the daily TSV raw data. We expect:
(TSV1.0+TSV1.5+TSV1.10+TSV1.15+TSV1.20)/5
to be somewhat close, but that is not at all what is calculated for TSV5 Simple when on a 5 day chart. The raw data used in TSV5 Simple when on a 5 day chart is calculated on 5 day bars and the daily raw TSV data plays no role at all.
The only way we can say that TSV25 Simple on a daily chart is similar to TSV5 Simple on a 5 day chart is that they involve approximately the same number of trading days.
Thanks,
Jim Murphy
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (bustermu) The only way we can say that TSV25 Simple on a daily chart is similar to TSV5 Simple on a 5 day chart is that they involve approximately the same number of trading days.
The relation between TSV25 Simple on a daily chart and TSV5 Simple on a 5 day chart is not as loose as I have made it seem.
Suppose price has been in an uptrend for 25 days. Then, the raw daily TSV data will be mostly positive for 25 days and, consequently, TSV25 Simple will be positive.
Now, let's switch to a 5 day chart. Price will be in an uptrend for 5 bars. Then, the raw 5 day TSV data will be mostly positive for 5 days and, consequently, TSV5 Simple on the 5 day chart will be positive.
We can make no such claim, for example, of TSV25 Simple on a the 5 day chart.
Thanks,
Jim Murphy
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Errata:
Then, the raw 5 day TSV data will be mostly positive for 5 days ...
should read:
Then, the raw 5 day TSV data will be mostly positive for 5 bars ...
Sorry,
Jim Murphy
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Registered User
Joined: 3/12/2005
Posts: 32
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QUOTE (Craig_S) TSV is not a moving average (though moving averages can be applied to it). I don't understand your 1/5th question, can you elaborate?
Thanks Craig and everyone else for the feedback. I am just trying to develop a rule of thumb for starters, so I can grasp TSV. So in my question - if I was happy with 27 TSV on s daily chart, how do I extend the same logic over to a weekly chart. And while I am it, what about a 15 minute chart? Since it is not as you say a moving average...Or is the answer to this "just keep tweaking"...
KC
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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kingcambo,
As already indicated, the raw TSV is calculated using whatever bars are being displayed. A Moving Average (either Simple or Exponential depending on the TSV settings) is applied if the TSV period is greater than one.
The trainers cannot give settings, interpretation or investment advice. Dividing the TSV Period on a Daily Chart by five and using this on a Weekly Chart will not give you the same values as were calculated on the Daily Chart. This would make a good starting point if you are going to "just keep tweaking" however.
You may wish to review the following:
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/12/2005
Posts: 32
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Ok, I purchased every single book and CD in your store. Now THAT should answer my questions right?
KC
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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kingcambo,
The Interpreting Time Segmented Volume® video is definitely the best way to learn how to interpret TSV.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 11/5/2004
Posts: 27
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Can one set up a buy signal for the Stoch 15 crossing up thru its 5 smoothing average when the Stoch 15 if below 25 percent of is range.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Yes. Please post this as a new topic in Ask A Trainer and include your Stoc settings.
Here is a video to review: Learn how to use the forums: post a new topic, reply, Search existing topics
- Craig
Here to Help!
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