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Registered User
Joined: 10/7/2004
Posts: 2,126
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I have observe TSV and ROC behavior for years - I have no idea what makes TSV work since I was never told (propietary technology)- and for the most part when both indicator are in agreement divergences count. Now, those indicator are or secondary importance to me, but never the less I look at them on occasion.
For the most part so far this two indicators have been in dissagreement, and most important the volume patterns across the board are those of distribution, and the price suggest nothing but further down side. As I posted a couple of days ago oversold indicators and I mean real indicators as put/calls, short interest, etc are screeming for a rebound, but be sure that there is nothing suggesting that this upside retracement will live long. So I believe that the so call TSV divergences in the three of the major averages will be short lived and that there is much further down side before this storm is over.
good luck
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Registered User
Joined: 3/14/2005
Posts: 20
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I don't know how TSV is calculated either, but I (strongly) suspect that it has something to with the movement in price with respect to volume with regards to a particular time frame.
If you look at TSV, it often turns down before a down-turn in price. If we theorize that volume often precedes price, then we would expect to see a drying up in volume before a stock's price action peaks. If we see more down days on increased volume, then it would be nice to see an indicator that reflects this (ie, the indicator would turn down on days when the price closes down on volume higher than the previous).
This is something that can sometimes be difficult to eyeball on a regular chart. I can't always see if volume is increasing or decreasing on up days or down days because of volume spikes; not even color-coordination completely rectifies this (but it helps). TSV seems to address this.
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Registered User
Joined: 11/23/2004
Posts: 11
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T-S-V (time segmented volume) would seem to be self revealing, up or down volume (which ever dominates) per increment of time, which increment is the mystery, per minute- hour- ect.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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First thing I learned years ago as a beginner was not to trust or use what you do not comprehend.
We can speculate all we want, but the fact is we do not know for sure about TSV, MS, or BOP. That is why I go mostly with what I know and comprehend - Volume, and ROC.
ROC really is all about x- axis; price versus time. I believe that Mr. Worden commented long ago about the importance of the x-axis. Most people focus on the y-axis.
You also have to focus on the x-axis action while looking at volume. You see reading volume is like reading in between the lines. Most people can read a book, but only those that are able to read between the lines get the message.
Think about the interaction of this elements and may be some day TSV, MS, and BOP will sound all the same to you.
Remember no system or indicator can supersede the human intelligence and intuition.
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Registered User
Joined: 12/2/2004
Posts: 37
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For those with a real interest in understanding the composition of TSV, it might be educational to compare TSV to the other "standard" oscillators while varying their parameters. For example, try RSI with varying period lengths and varying moving averages and compare TSV10, TSV15, TSV18, TSV30, etc. against these various RSI's. The journey is the discovery. Once you travel this path, you will better understand and appreciate what TSV does.
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Registered User
Joined: 11/13/2004
Posts: 141
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QUOTE (TomG18) For those with a real interest in understanding the composition of TSV, it might be educational to compare TSV to the other "standard" oscillators while varying their parameters. For example, try RSI with varying period lengths and varying moving averages and compare TSV10, TSV15, TSV18, TSV30, etc. against these various RSI's. The journey is the discovery. Once you travel this path, you will better understand and appreciate what TSV does.
I agree.
Well said
UserTM
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