Time Segmented Volume (TS V)
Info
The Time Segmented Volume (TS V) is a Indicator for MetaTrader 5 that this indicator is based on the original “time segmented volume (tsv)” developed by worden brothers, inc. However, I added an extra few features to this one.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Time Segmented Volume (TS V)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator is based on the original “Time Segmented Volume (TSV)” developed by Worden Brothers, Inc.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Multi-Timeframe Moving Average Indicator (v03) - another powerful indicator for MetaTrader 5 traders.
This indicator is based on the original “
Also recommended: Multi-Timeframe Relative Strength Index (MTF RSI) Indicator for MT4/MT5 - similar indicator with strong performance on MetaTrader 5.
Time Segmented Volume (TSV)” developed by Worden Brothers, Inc. However, I added an extra few features to this one.
One can choose the price to be applied, instead of only having the default close price used by the original.
One can also choose which volume weighting to use, including a pseudo-volume based on true range, or no volume weighting at all.
The indicator displays two moving averages, one being the default simple moving average as the original, and the other being an exponential moving average, which reacts faster.
The code uses conditional compilation and will compile on both MQL4 and MQL5.
Please note that all my CodeBase publications’ source code are now also available in “Public Projects” tab of MetaEditor under the name “FMIC”.
You may also like: Stochastic Multi-Timeframe Indicator - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.