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Newbie question, what is a tiki? |
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The TIKI is the same as the TICK except it applies to the 30 Dow stocks.
It is simply the upticking stocks minus the down-ticking stocks. The TIKI is not as useful as the TICK but I do use it for my trading tool.
What's important is watching out for the extreme TIKI readings. The rest is noise. I have lines plotted across +26, +28, +30, -26, -28, and -30. Extreme readings are potential fades.
The TIKI is also used to watch out for buy or sell programs kicking in. If the TICK and TIKI is both at extreme readings, price movement is most likely caused by sell/buy programs.