Tick Window

[TinGull]

There's a NYSE TICK, Nasdaq TICK and the Russell TICK, too. Not all data vendors have the Russell TICK, but all should have NYSE and Nasdaq. I'm not sure what it is for Tradestation, but for dtn the Nasdaq is nastick.z

[Robert2617]

So... Theres not one for each symbol! Ha! That's very interesting. Is there one for the nasdaq too? What is the correlation with the symbols? Is it the sum total of all ticks from the exchange or is it when you have it sync'd up with one of your charts it correlates to that symbol? I guess I know what I'll be reading about tonight.

I was watching one of the videos you did and every time the tick hooked down, the symbol hooked down. I guess that is why I'm confused about this. It seemed if they were connected in some way.

[Robert2617]

NYSE:

$trin - General market sentiment

A Trin reading below 1.0 is ""healthy"" i.e. the bias is up.
A Trin reading above 1.0 is ""sickly"" and the bias is down.
In general a range between 0.75 and 1.25 is flat or neutral.

$tick - TICK is a very simple indicator measuring the number of NYSE stocks currently trading on an uptick vs those trading on a downtick. It provides a very nice snapshop view of who is in control in the battle between the Bulls and the Bears.

Nice, short but pretty thorough. Day Trading - a leading day trader teaches you day trading


NASDAQ:

$TICT TICK Indicator <---- does not work on TS

You can find all of them for all indicies here:
Index Symbols

[Robert2617]

I watched the tick and trin pretty much all day today and find that I agree with you guys that there is definately a relationship in the price action that occurs. Thank you for pointing this out to me. I'm 100% positive I will be a better trader always keeping in mind the tick and trin.

I'm sure this is old news to most of you but to me, this is a HUGE breakthrough!

[TinGull]

Excellent Robert!!! Breakthroughs are the most fun part of trading for me

[Soultrader]

Be a good market internal reader and you'll be miles ahead of the crowd. Good luck Robert.

[Robert2617]

I found a TS Radar indicator for Tick and Trin. If going up it turns green, going down it turns red. It's not the same as looking at the actual chart window but you could shorten the tick chart a little and put it at the bottom left of the workspace. May be a little overkill but its sort of neat.

[LegacyColorValue = true]; {_SM_$LAST USE TO DISPLAY CLOSE FOR TICK AND TRIN } {*************************************************} { DETERMINE DISPALY } {*************************************************} Plot1( CLOSE, "LAST", white ) ; SetPlotBGColor( 1, BLACK ) ; IF CLOSE >= 0 THEN BEGIN Plot1( CLOSE, "LAST", green ) ; SetPlotBGColor( 1, black ) ; END; IF CLOSE < 0 THEN BEGIN Plot1( CLOSE, "LAST", red ) ; SetPlotBGColor( 1, black ) ; END; IF SYMBOL = "$TIKQ" OR SYMBOL = "$TICK" THEN BEGIN IF CLOSE > 100 THEN BEGIN Plot1( CLOSE, "LAST", BLACK ) ; SetPlotBGColor( 1, GREEN ) ; END; IF CLOSE < -100 THEN BEGIN Plot1( CLOSE, "LAST", BLACK ) ; SetPlotBGColor( 1, RED ) ; END; END; IF SYMBOL = "$TRINQ" OR SYMBOL = "$TRIN" THEN BEGIN IF CLOSE < -1 THEN BEGIN Plot1( CLOSE, "LAST", BLACK ) ; SetPlotBGColor( 1, GREEN ) ; END; IF CLOSE > 1 THEN BEGIN Plot1( CLOSE, "LAST", BLACK ) ; SetPlotBGColor( 1, RED ) ; END; END;