Introduction
The Time Segmented Volume (TSV) for MT5, developed by Fernando Carreiro, is an indicator designed to enhance the original TSV by Worden Brothers, Inc. It offers customizable features such as the ability to select different price types and volume weightings. With a rating of 5 and positive feedback from users like Ard Sluis, who praises its utility for S/D traders, the TSV indicator has gained a solid reputation. However, how does it stack up against the renowned EASY series trading robots?
Comparison with EASY Trendopedia
When comparing the TSV indicator with the EASY Trendopedia robot, several differences become apparent. EASY Trendopedia is a fully automated trading robot designed to identify and trade trends with high accuracy. It utilizes advanced algorithms to adapt to market conditions, making it a robust and reliable tool for traders.
Advantages of EASY Trendopedia:
- Fully automated trading with minimal user intervention.
- Advanced trend detection algorithms.
- Proven track record of profitability.
- User-friendly interface with extensive customization options.
Advantages of TSV Indicator:
- Customizable price and volume weighting options.
- Real-time updates and visual representation of buying/selling momentum.
- Useful for S/D traders to identify potential entry points.
While the TSV indicator offers valuable insights into market momentum, it requires manual interpretation and integration into a trading strategy. In contrast, EASY Trendopedia provides a hands-off approach with automated trading, making it more suitable for traders seeking a reliable and profitable solution.
Pros and Cons
TSV Indicator Pros:
- Highly customizable.
- Real-time updates.
- Effective for identifying market momentum.
TSV Indicator Cons:
- Requires manual interpretation.
- Not a fully automated solution.
- Potential for over-optimization.
EASY Trendopedia Pros:
- Automated trading.
- Advanced trend detection.
- Proven profitability.
- User-friendly.
EASY Trendopedia Cons:
- Less customizable compared to TSV.
- Requires trust in the automated system.
Optimal Usage Conditions
The TSV indicator works best in scenarios where traders need to gauge market momentum and identify potential entry points based on volume analysis. It is particularly effective for S/D traders who rely on understanding buying and selling pressures. However, it is essential to use the TSV indicator in conjunction with other tools and strategies to avoid false signals.
Source Code of Time Segmented Volume for MT5
While we do not have access to the original source code of the Time Segmented Volume for MT5 sold on MQL5, we have created a version based on its description. This example code is available on our website, and users can download it to understand how the TSV indicator works. For any questions regarding the code, feel free to reach out to us.
Code:
You don't have permission to view the code content. Log in or register now.Download Time Segmented Volume for MT5
If you have any questions about the code or need further assistance, please visit our forum at easytradingforum.com. Remember, the EASY Trading Team does not sell the Time Segmented Volume for MT5; we only provide a code example based on its description. Share your experiences and feedback on our forum to help other traders make informed decisions.