Time Segmented Volume from Worden Telecharts

April 10th, 2013, 06:39 AM

Hi

I was wondering if anyone has a ninjatrader version of Worden's TSV as per this thread (

Hi. Does anyone have the code for time segmented volume indicator from Worden for use in thinkorswim? Thanks for your help.

) which was a port to TOS by cbritton as per below. If not, could someone port this for me.

thanks very much
D.

cbritton

Try this:

Code

# Time Segmented Value (TSV)

input length = 18;
input avgLength = 10;

# 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 = sum( if close > close[1] then volume * (close - close[1]) else if close < close[1] then -1* volume *(close - close[1]) else 0, length);

Plot TSVAvg = Average(TSV, avglength);

You can modify the averaging function to whatever you want.

-C

April 10th, 2013, 09:28 PM

dataevolved

Hi

I was wondering if anyone has a ninjatrader version of Worden's TSV as per this thread (

Time Segmented Volume from Worden Telecharts

Hi. Does anyone have the code for time segmented volume indicator from Worden for use in thinkorswim? Thanks for your help.

) which was a port to TOS by cbritton as per below. If not, could someone port this for me.

thanks very much
D.

the TOS conversion is not correct you can see TSO version stay above zero line. Look at TC2000 TSV it moves above and below zero line.

April 10th, 2013, 09:39 PM

thanks for letting me know Cory, as I do not use ToS I assumed this was a correct version as per that thread. I would use TC2000 but they only focus only on the US markets, but I also need Australian market too. Appreciate your effort, thanks.

D.

April 10th, 2013, 11:11 PM

this version plots above and below the y axis. In essence the function is similar but I am unable to confirm as it is a different instrument, with potentially different volume data. The original source with comments for this was
FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Time Segmented Volume
and the lua code as follows (it uses candles instead of linear output):

Code

-- Indicator profile initialization routine
-- Defines indicator profile properties and indicator parameters
-- TODO: Add minimal and maximal value of numeric parameters and default color of the streams
function Init()
    indicator:name("Time Segmented Volume");
    indicator:description("Time Segmented Volume");
    indicator:requiredSource(core.Bar);
    indicator:type(core.Oscillator);
    indicator.parameters:addGroup("Calculation");	
    indicator.parameters:addInteger("Period", "Period", "Period", 14);
	
	indicator.parameters:addGroup("Style");	
    indicator.parameters:addColor("Up_color", "Positive TSV Color", "Color of TSV", core.rgb(0, 255, 0));
	indicator.parameters:addColor("Dn_color", "Negativ TSV Color", "Color of TSV", core.rgb( 255,0 , 0));
end

-- Indicator instance initialization routine
-- Processes indicator parameters and creates output streams
-- TODO: Refine the first period calculation for each of the output streams.
-- TODO: Calculate all constants, create instances all subsequent indicators and load all required libraries
-- Parameters block
local Period;

local first;
local source = nil;
local temp;
-- Streams block
local TSV = nil;

-- Routine
function Prepare(nameOnly)
    Period = instance.parameters.Period;
    source = instance.source;	
	
	 assert(source:supportsVolume(), "The source must have volume");	 
	 
    first = source:first()+Period;

    local name = profile:id() .. "(" .. source:name() .. ", " .. tostring(Period) .. ")";
    instance:name(name);
	
	temp = instance:addInternalStream(0, 0);

    if (not (nameOnly)) then
        TSV = instance:addStream("TSV", core.Bar, name, "TSV", instance.parameters.Up_color, first);		
    end
end

-- Indicator calculation routine
-- TODO: Add your code for calculation output values
function Update(period)
  
	
	if source.close[period]> source.close[period-1] then
	temp[period]=  source.volume[period] * (source.close[period]- source.close[period-1]);
	elseif source.close[period]< source.close[period-1] then
	temp[period]=   (-1) * source.volume[period] * (source.close[period-1]-source.close[period]  );
	else
    temp[period]=0;
	end

	if period <  first then
	return;
	end
	
    TSV[period] = mathex.sum(temp, period-Period+1, period);
	
	if TSV[period] > TSV[period-1] then
	TSV:setColor(period, instance.parameters.Up_color);
	else
	TSV:setColor(period, instance.parameters.Dn_color);
    end	
    
end

thanks again
D.

April 11th, 2013, 12:40 PM

try this

April 12th, 2013, 02:00 AM

thanks v much Cory, I give it a rip, and get back.

April 12th, 2013, 11:07 AM

now with down color zone

May 4th, 2013, 08:19 PM

This is a TSV approximation I've used for some time in my signal generation code with Telechart. I find that it is very true to Worden's TSV line form.

The Telechart PCF is TSV = V*(C-C1)/((H-L+ABS(H-C1)+ABS(C1-L)+0.0000001)/2).

The NT indicator for this is attached.

July 4th, 2021, 04:05 PM

Hi Guys

Any updated versions for NT8 relating to the TSV indicators?

Regards
Alex

August 13th, 2021, 07:30 AM

Hello Everybody,

Does anyone have a Time Segmented Volume Indicator (TSV) for NT-8?

Thank you,

Jeff

Time Segmented Volume from Worden Telecharts

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Time Segmented Volume from Worden Telecharts