[sevensa]

Originally Posted by dandxg »

Sevensa,

Upon closer look it appears this works for divergences as well. Did I read that right?

I haven't used the indicator in a while and actually has used it very little. However, my guess would be that divergences would be one of it's strong points, just like with regular TICK when it doesn't confirm price movement.

[Ed Goldstein]

Steenbarger's a sharp guy! I track the NYSE tick and use them to watch for equity "buy programs" as well a track the cumulative delta in the e-minis via fulcrumtrader, but he used marketdelta for cd and other volume analysis last i heard.