What is a "Time Segmented Volume" indicator ? I have seen a couple of trading strategies that use it. Does Stock Charts have this indicator or an equivalent ? And is it useful ?

asked Sep 30 '11 at 15:08

JJJ's gravatar image

JJJ
559 2228


http://www.investopedia.com/terms/t/tsv.asp#axzz1ZUJKmSgZ

What Does Time Segmented Volume - TSV Mean? A technical analysis indicator developed by Worden Brothers Inc. that segments a stock's price and volume according to time intervals. The price and volume data is then compared to uncover periods of accumulation (buying) and distribution (selling).

This indicator is similar to on-balance volume because it measures the amount of money flowing in or out of a particular stock.

Here's stockchart's article on On Balance Volume

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:on_balance_volume

Difficult to comment on its usefulness without first understanding the indicator.

link

answered Sep 30 '11 at 21:10

ekwong's gravatar image

ekwong
8.3k 13039

edited Sep 30 '11 at 21:12

There is a book by Pascal Willain (foreword by Elder) called "Value in Time" published 2008 by Wiley which develops a concept the author calls "effective volume" which is derived by examining price and volume information in one minute time segments. Higher volume segments are assumed to be professionals and therefore more likely to be predictive of future prices. Fascinating read, hard (for me at least) to implement. I'm not familiar with TSV but sounds similar. Thought I'd throw it in for those who might have an interest. Uses stockcharts illustrations.

link

answered Oct 31 '11 at 21:42

markd's gravatar image

markd
14.6k 1523

Yes I agree, very interesting TA stuff. I came across Pascal several years ago and continue to read some of the information on his site. Here's a link to his website.

http://www.effectivevolume.com/content.php

(Oct 31 '11 at 22:05) Gord Gord's gravatar image
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Asked: Sep 30 '11 at 15:08

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Last updated: Oct 31 '11 at 22:05