TSV:
Time Segmented Volume (TSV)
A proprietary technical indicator developed by Worden Brothers, Inc.

From the TeleChart 2000 Help Topics, Time Segmented Volume "TSV essentially measures the amount of money flowing in or out of a particular stock."

"Example Settings:
Short Term Trading: . . . . . . TSV period between 9 and 12
Intermediate Term Trading: TSV period between 18 and 25
Long Term Trading: . . . . . . TSV period between 35 and 45"

For this example,
Chart Editing Indicator Tab#
Middle or Bottom
. . .Time Segmented Volume - 18 bars - Simple (solid red)
. . . . .Moving Average - 10 bars - Simple (dotted yellow)

Time Segmented Volume (TSV)

TSV18
(TSV18)
. . Today's 18-period TSV value

TSV18 > midline
(TSV18>0)
. . .Today's 18-period TSV value is above the chart's TSV midline

TSV18 < midline
(TSV18<0)
. . .Today's 18-period TSV value is below the chart's TSV midline

TSV18 crossing midline UP
(TSV18>0)AND
. . .Today's 18-period TSV value is above the chart's TSV midline
(TSV18.1<0)
. . .Yesterday's 18-period TSV value was below the chart's TSV midline

TSV18 crossing midline DOWN
(TSV18.1>0)AND
. . .Yesterday's 18-period TSV value was above the chart's TSV midline
(TSV18<0)
. . .Today's 18-period TSV value is below the chart's TSV midline

TSV18 crossing TSV18.1 UP
(TSV18.1<TSV18.2)AND
. . .Yesterday's 18-period TSV value was below previous day's (TSV18.2) value
(TSV18>TSV18.1)
. . .Today's 18-period TSV value is above yesterday's TSV18.1 value

TSV18 crossing TSV18.1 DOWN
(TSV18.1>TSV18.2)AND
. . .Yesterday's 18-period TSV value was above previous day's (TSV18.2) value
(TSV18<TSV18.1)
. . .Todays 18-period TSV value is below yesterday's TSV18.1 value

MAX TSV18.5
(MAX(TSV18,5))
. . .18-period TSV maximum value for the last 5 days.

MIN TSV18.5
(MIN(TSV18,5))
. . .18-period TSV minimum value for the last 5 days.

TSV18 AVG
(AVG(TSV18,5))
...5-day average of 18-period TSV

TSV18 AVG
(AVG(TSV18.1,5))
...5-day average of 18-period TSV excluding today

TSV18 > its 10-dma
(TSV18>AVG(TSV18,10))
. . .Today's 18-period TSV value is above its 10-day average

TSV18 < its 10-dma
(TSV18<AVG(TSV18,10))
. . .Today's 18-period TSV value is below its 10-day average

TSV18 crossing 10-day moving average UP
(TSV18>AVG(TSV18,10))AND
. . .Today's 18-period TSV value is above its 10-dma
(TSV18.1<AVG(TSV18.1,10))
. . .Yesterdays's 18-period TSV value was below its10-day average

TSV18 crossing 10-day moving average DOWN
(TSV18<AVG(TSV18,10))AND
. . .Today's 18-period TSV value is below its 10-day average
(TSV18.1>AVG(TSV18.1,10))
. . .Yesterdays's 18-period TSV value was above its 10-day average

TSV DIVERGENCE

"A divergence occurs when the trend of a security's price doesn't agree with the trend of an indicator."

http://www.equis.com/free/taaz/intindicators.html#divergences

For this example:
Chart Editing Indicator Tab# settings
Price - Line Chart; Drawing Color BOP
. . . . Linear Regression - 10 bar period
Time Segmented Volume
. . . . Linear Regression - 10 bar period
Positive Divergence
. . .18-period TSV Linear Regression Line trending upward from left to right
. . .Price Linear Regression line trending downward from left to right

(TSV18>=(MAX(TSV18,10)))AND(C<=MINC10)

 

Negative Divergence
. . .18-period TSV Linear Regression Line trending downward from left to right
. . .Price Linear Regression line trending upward from left to right

(TSV18<=(MIN(TSV18,10)))AND(C>=MAXC10)

For additional information: