Time Segmented Volume for Measuring Accumulation and Distribution

Summary

Time Segmented Volume (TSV) is a price-and-volume indicator intended to reveal accumulation and distribution. The described calculation assigns a signed volume contribution according to the direction of the close-to-close price change, then sums those contributions over a chosen period. A smoothed average of the resulting TSV series is returned as a signal line, allowing traders to compare the indicator with its own average.

The document gives example period ranges for short-, intermediate-, and long-term use, and shows a translated implementation for the ProRealTime platform. It presents the indicator’s purpose and calculation, but provides no market, backtest, or performance evidence showing that TSV reliably leads prices. Period selection is presented as configurable, and the example settings should be treated as conventions rather than universally validated choices.

Key ideas

• TSV combines price direction and volume to estimate buying and selling pressure over time.
• The calculation sums signed volume contributions based on close-to-close price changes.
• A smoothed average of TSV can serve as a signal line for comparison.
• The document lists example period ranges but does not demonstrate their predictive value.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.