Time Segmented Volume essentially measures the amount of money flowing in or out of a particular stock. It is a leading indicator because its movement is based on both the stock’s price fluctuation and volume. Ideal entry and exit points are commonly found as the stock moves across the baseline level. A proprietary technical indicator developed by Worden Brothers Inc, TSV is an oscillator, which is calculated by comparing various time segments of both price and volume. According to Worden, an important thing to look for when interpreting TSV is a contradiction of trends between price and TSV. Positive or negative divergences between price and TSV should be looked at, in order to determine potential tops and bottoms.
