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TICK: Up Ticks vs Down Ticks Details »»
TICK: Up Ticks vs Down Ticks
Platform: , by Soultrader (Super Moderator) Soultrader is offline
Developer Last Online: Jun 2011 Show Printable Version Email this Page

Platform: Unknown Rating:
Released: 02-01-2007 Last Update: Never Installs: 0
 
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Here is a very interesting indicator created by WayneChem from the TS forums. Thanks to walterw for posting this up in our forums.

Indicator description:
  • apparent stacked vertical bars with up ticks (green) and down ticks (red) with the larger of the two always on top.
  • volume moving average (yellow line)
    mid-point of total volume (white dot)
It is an interesting tool to spot reversal or to analyze volume at key price levels. Works great with pivot points. Screenshot is attached.

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File Type: eld TTM TICK.ELD (4.4 KB, 307 views)

Screenshots

TICK: Up Ticks vs Down Ticks-ttmtick.jpg  

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Old 02-01-2012, 09:07 AM   #2

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Re: TICK: Up Ticks vs Down Ticks

thanks very much for this!
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Old 02-01-2012, 04:17 PM   #3

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Re: TICK: Up Ticks vs Down Ticks

interesting, but I dont see what this adds over a normal Ask/Bid volume display which displays traded volume at the Ask(offer) and traded volume on the bid. Ok ticks v volume is one difference, but surely volume is more useful than ticks?
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