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#1 Selling Amibroker Plugin featuring:
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
Indicator / Formula
// Time segment value TSV=(Sum( IIf( C > Ref(C,-1), V * ( C-Ref(C,-1) ), IIf( C < Ref(C,-1),-V * ( C-Ref(C,-1) ), 0 ) ) ,18)); Plot(TSV,"TSV",1,1);
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I have added EMA in place of sum . See how it works for short term trading .
Good Oscilator With EMA, i will backtest my system with this. Thx!
//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.