Wednesday, November 23, 2016

Mic process


MICK

Since there a probably a lot of TC 2000 users I thought I would like to share this indicator.  Proprietary to TC 2000, Time Segmented Volume (TSV) is a center line oscillator that is comprised of Time, Volume and Price.  Stochastics and MACD only have 2 components, which makes TSV a more leading indicator as shown on the chart below.  As Harry always says volume is key, but I have always found that volume spikes alone can be deceiving,   or at worst,  with no follow thru, you get a false entry.   As you can see in the chart of JNUG, price was moving SIDEWAYS  but TSV was RISING.  This divergence is indicating that volume is coming in and is forecasting a “pop” in price.  Once across center line it is a confirm, and seconday indicator for me is the cross of the mva’s. (my entry point)    Price popped and retraced to 50 a couple times  but mva’s didn’t cross over until much later which is my cue to exit not the TSV fluctuations.     (TSV is set to 18 period with mva removed and exponential setting in this example).    Anyways hope this can be useful to some on site.  Again my sincere appreciation To Harry for All his efforts, enrgy and Wisdom!  PRICELESS!!!

Joe_E

I use the the TSV also but at 12 with a 5MA as a signal. I Also use a Coppock Curve. Really I think it all comes down to what the indicators mean to you as the price action moves. I was not in JNUG at the time but both indicators would have kept me in the trade from about 2.55 till 3;50

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