Time Segmented Volume Plus

Time segmented volume (TSV) is a technical analysis indicator that segments the security's price and volume by a defined period. TSV is a leading indicator because its movement is based on both the security's price fluctuation and volume. Usually, this indicator is used in several ways (1) To identify entry and exit signals, (2) for convergence, (3) for trend detection (4) and for Confluence.The indicator provides several customization options, and an invisible signal plot to identify when TSV is above the MA line (1 above, 0 below)The indicator also provides several visual customizations, like coloring the bars, candles, and background.