Time Segmented Volume with Selectable Price, Weighting, and Averages

Summary

The document describes an enhanced Time Segmented Volume (TSV) indicator. It lets users select the price input instead of relying only on closing prices, and choose among volume weighting, a true-range-based pseudo-volume, or no volume weighting. These choices change how price movement contributes to the indicator and may help traders adapt it to different data or analysis needs.

The indicator also plots simple and exponential moving averages of TSV; the exponential average is described as reacting faster. The text gives no formula, parameter guidance, trading rules, performance evidence, or comparison of the alternatives. It therefore explains configurable features rather than establishing that any setting produces useful signals. Its mention of compatibility with two MetaTrader versions concerns implementation, not trading results.

Key ideas

• TSV can use a selected price input instead of only the close.
• Volume weighting can be replaced with true-range-based pseudo-volume or disabled.
• The indicator displays both simple and exponential moving averages.
• The document describes features but provides no signal rules or performance evidence.

Tags

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