[tape reading] TTICK. Anybody Have an Idea How Does It Work?

[maxima 10]

Hi I am trying to create an indicator which displays correlation between ES and TICK movements. I found that Tom Busby already made it and calls it TTICK. But this is a propreitary solution.

 

Could anyone point to a discussion or open information which could give me the better idea where to start.

 

Thank you.

[olie1018 10]

The relates to the up and down movement of the price... In other words when tick hits -1000 you can go long the es when tick hits +1000 you go short...price and tick are opposites when tick is at the the extremes as mentioned above... feel free to contact me with any questions you may have...

 

Jim

[maxima 10]

Thanks Jim, but that is usual TICK. My question is about TTICK - mind the double T.

[olie1018 10]

Sorry, I've never heard of TTICK...

[maxima 10]

It was created by Tom Busby. Guy wrote couple of nice books too. But he is not telling how this works...

[olie1018 10]

do you have a pic of what it looks like?

[maxima 10]

No. The price is very expensive. I am not sure there are lot of people seen it.

 

In general - I hoped to get an idea of what might combine price action with normal TICK in a single indicator...TTICK claims it is done.. This is why I mentioned it. But obviously I dont want to steal the code.

 

I just need some ideas...

[olie1018 10]

Do you you use the Tick for trading?

[maxima 10]

for a few week. yes ..........

[olie1018 10]

what do you trade? futures, options, stocks?

[maxima 10]

just tell me what you've got in mind

[olie1018 10]

i have nothing in mind... i have a group of traders that follow my trades so i send out buy/sell alerts... if you would like to be added to the group alerts just let me know...

 

have a great day,

Jim

[maxima 10]

thanks Jim. I trade very short lived trades and fast. it is that hardly any alerts can be at help. But if you have a blog or a thread with extended knowledge of using TICK and combining its actions with price action (ES for instance) - I'd thankfully read.

[olie1018 10]

I'm having a blog prepared should be done shortly... so, you only trade ES? i trade everything as long as it meets my methodology...

 

Jim