## Time Segmented Volume for Amibroker (AFL)

TJ has helped me translate the metastock formula of TSV into AB language.

I thought I should share this formulas with other. This indicator uses volume and price, like OBV, but seems to be more reliable indicator then OBV.

In courtesy of The Wordens brothers I like to post the link for study on purpose and usage of this indicator. http://www.tc2000.com/privuser2/ii12118p.htm

*By ntk98 – ntk98_2000 [at] yahoo.co.uk*

Submitted by kaiji over 6 years ago

## Similar Formulas

## Formula

## 3 Comments

**3.**jeanmuller

Good Oscilator With EMA, i will backtest my system with this. Thx!

**4.**akerstkh

//Note: Time Segment Volume is a variation of OBV.

// It inherited the intention of detecting the

// Accumulation/Distribution of the stock.

// BUT, it segmentize it. That’s all.

// So, the simplest way is to use current day OBV

// minus the number of day backwards.

// Attached is the formula.

//

// Bless All

// KH Tang

Eg.

TSV = Current OBV – OBV 16 day ago.

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2.tsarvjitI have added EMA in place of sum . See how it works for short term trading .