Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Minetoo

Clear Tick Indicator

Recommended Posts

The tick indicator ($TICK) is a very popular market internal however, I believe its efficacy is dropping as evidenced by increasingly frequent divergences. It is my understanding that the TICK is constructed with tick data from the entire NYSE listed equities. Is there any way to filter the TICK down just to the 500 stocks that constitute the S & P 500 like the TIKI, which only reflects the DOW 30?

Neoticker has attempted something similar with their TICK16 indicator.

Share this post


Link to post
Share on other sites

It could be done, but you would need very good pc resources... my question is : will it really give you an edge ?... I find hard to believe that 1 tick fluctuation up/down on x +- stocks can give really a trend bias... If I was to build an indicator with the 500 sp`s and go definitive waco, I would create a composite delta of the 500 stocks and measure their true buy/sell pressure on x (variable input) back... that would be my dream... what platform.. dont know... cheers Walter.

Share this post


Link to post
Share on other sites

The way i understand it MetaServer connects to the tradestation server and the tradestation platform gets its data from your local metaserver.

MetaServer allows you to create your own symbols (that's how i think it works)

Share this post


Link to post
Share on other sites

NYSE consists of 2,764 issues. That's 2,264 more than anyone needs to see reflected in the TICK. I cannot believe that such an excessive number of equities will not distort and muddy the TICK.

Share this post


Link to post
Share on other sites

Sparrow: as I understand it, it is a data issue. NYSEData provides the info. that constitutes the TICK Indicator. It would require cooperation on their end or high level programming on the chart vendors' side to develop a true TICK Indicator. Please correct me if I am wrong.

Share this post


Link to post
Share on other sites

IMO either up to the NYSE to provide a new clear tick indicator, your data provider, or given enough bandwith, computer power, some good ideas and the right software you can pretty much do it yourself. Also depends on how many symbols your data provider allows you to view simultaniously.

 

MetaServer has got a trial period btw and i am in no way affiliated with the company which sells it nor getting any money from them(unfortunately).

Maybe there's some other software which can do it, or it can be done inside TS.

 

If you think it's worth the effort, give it a shot.

Share this post


Link to post
Share on other sites
The tick indicator ($TICK) is a very popular market internal however, I believe its efficacy is dropping as evidenced by increasingly frequent divergences. It is my understanding that the TICK is constructed with tick data from the entire NYSE listed equities. Is there any way to filter the TICK down just to the 500 stocks that constitute the S & P 500 like the TIKI, which only reflects the DOW 30?

Neoticker has attempted something similar with their TICK16 indicator.

Sparrow,

 

I believe Blu-Ray posted a Volume_Divergence indicator that measures upticks vs. downticks and can be applied to the specific issue your trading. This would ideally be much more accurate since you can see the data for what you are specifically trading as opposed to the entire "market summary". Hope this is what your looking for.

 

If it's not, then you could take the basis of what he did with the indicator and if you could code all the symbols within the code and measure all the upticks for each and all the downticks for each (that's ALOT of code) and average them out, I think it could be do-able. I'm just not sure if you could have that many datastreams for 1 indicator or if it's possible within the code. You could try upticks of Data1, upticks of Data2 etc. and have them all on the same chart (the different ticker symbols) but hidden. I don't remember how many Datastreams TradeStation supports. Hope that makes sense and hope it's helpful.

 

DaveDM

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.