Time Segmented Volume — Indicator by liw0

liw0 tsv time segmented volume

Time Segmented Volume
an indicator I was asked to port by sunnyd76

CREDITS:

If you like it I would also be happy about a small donation
BTC 1GyfGTBsVHMbPovFGFeipe7b7ET1aebGx5

Questions or Comments? Just send me a PM!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

//      Written by liw0 active on https://www.tradingview.com/u/liw0
 
//      If you decide to use my script in your published charts,
//      please keep this header as it is now and leave the name unchanged!
//      It would make me happy to see my script put to use in other charts :)
 
//      If you like it I would also be happy about a small donation
//      BTC 1GyfGTBsVHMbPovFGFeipe7b7ET1aebGx5
 
//      Questions or Comments? Just send me a PM!

//      CREDITS: http://quant.stackexchange.com/questions/2816/how-to-calculate-time-segmented-volume

study("Time Segmented Volume")

l  = input(13, title="Length")
l_ma = input(7, title="MA Length")

t = sum(close>close[1]?volume*close-close[1]:close<close[1]?(volume*-1)*close-close:0,l)
m = sma(t ,l_ma )

plot(t, color=red, style=histogram)
plot(m, color=green)