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Clear Tick Indicator
The tick indicator ($TICK) is a very popular market internal however, I believe its efficacy is dropping as evidenced by increasingly frequent divergences. It is my understanding that the TICK is constructed with tick data from the entire NYSE listed equities. Is there any way to filter the TICK down just to the 500 stocks that constitute the S & P 500 like the TIKI, which only reflects the DOW 30?
Neoticker has attempted something similar with their TICK16 indicator.
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