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Robert2617

Tick Window

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SoulTrader, I have watched many of your trading videos and I like your style. It make perfect sense. Plan your trade, track the price and trade with the tide.

 

On that note, I would like to watch the tick window like you do but I don't know how to get it going. Today was the first day I was able to really watch a few stocks with TS. I think I'm really going to like it. I'm coming from ScotTrader (not Scottrader Elite) and this is a whole new world for me.

 

I looked at most of the chart indicators today but haven't found the tick indicator. Where the heck it it? Thanks

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Hi Robert,

 

Are you referring to the NYSE tick, time of sales or 233 TICK chart?

 

The symbol for the NYSE tick is $TICK. I use a 1 minute line on close $TICK chart. For the time of sales, see the attachment below. What I have done for the time and sales (tape for short) is divide it into two columns. The left hand column shows all transaction and the right hand column shows big lots or more. You can adjust it to fit your trading accordingly.

 

For the 233 TICK chart, just right click on your chart and format symbol. You should see an option to change your timeframe or tick. Let me know if you need more help.

timeofsales.jpg.a0eb23534bd9f5e4716699041a4f6ada.jpg

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Open a new chart. Input the symbol $TICK and change the timeframe to 1 minute. Then use a line on close chart. I like to plot a horizontal line at the zero line.

 

Also, look into hotkeys. They are extremely useful with chartwork. I have the letter "H" set to horizontal line for example.

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What do you mean? The $TICK is just an market internal symbol which takes the stocks upticking versus stocks downticking on the NYSE. It doesnt measure the up/down differently for every symbol. The same $TICK is used by all traders.

 

I think Tingull also uses the Russell TICK as well.

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There's a NYSE TICK, Nasdaq TICK and the Russell TICK, too. Not all data vendors have the Russell TICK, but all should have NYSE and Nasdaq. I'm not sure what it is for Tradestation, but for dtn the Nasdaq is nastick.z

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So... Theres not one for each symbol! Ha! That's very interesting. Is there one for the nasdaq too? What is the correlation with the symbols? Is it the sum total of all ticks from the exchange or is it when you have it sync'd up with one of your charts it correlates to that symbol? I guess I know what I'll be reading about tonight.

 

I was watching one of the videos you did and every time the tick hooked down, the symbol hooked down. I guess that is why I'm confused about this. It seemed if they were connected in some way.

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NYSE:

 

$trin - General market sentiment

 

A Trin reading below 1.0 is ""healthy"" i.e. the bias is up.

A Trin reading above 1.0 is ""sickly"" and the bias is down.

In general a range between 0.75 and 1.25 is flat or neutral.

 

$tick - TICK is a very simple indicator measuring the number of NYSE stocks currently trading on an uptick vs those trading on a downtick. It provides a very nice snapshop view of who is in control in the battle between the Bulls and the Bears.

 

Nice, short but pretty thorough. Day Trading - a leading day trader teaches you day trading

 

 

NASDAQ:

 

$TICT TICK Indicator <---- does not work on TS

 

You can find all of them for all indicies here:

Index Symbols

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I watched the tick and trin pretty much all day today and find that I agree with you guys that there is definately a relationship in the price action that occurs. Thank you for pointing this out to me. I'm 100% positive I will be a better trader always keeping in mind the tick and trin.

 

I'm sure this is old news to most of you but to me, this is a HUGE breakthrough! :)

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I found a TS Radar indicator for Tick and Trin. If going up it turns green, going down it turns red. It's not the same as looking at the actual chart window but you could shorten the tick chart a little and put it at the bottom left of the workspace. May be a little overkill but its sort of neat.

 

[LegacyColorValue = true]; 

{_SM_$LAST   USE TO DISPLAY CLOSE FOR TICK AND TRIN  }


{*************************************************}
{   DETERMINE DISPALY                             }
{*************************************************}


Plot1( CLOSE, "LAST", white ) ;

SetPlotBGColor( 1, BLACK ) ;


IF CLOSE >= 0 
THEN BEGIN
Plot1( CLOSE, "LAST", green ) ;
SetPlotBGColor( 1, black ) ;
END;

IF CLOSE < 0 
THEN BEGIN
Plot1( CLOSE, "LAST", red ) ;
SetPlotBGColor( 1, black ) ;
END;


IF SYMBOL = "$TIKQ"
OR SYMBOL = "$TICK"
THEN BEGIN

IF CLOSE > 100 
	THEN BEGIN
		Plot1( CLOSE, "LAST", BLACK ) ;
		SetPlotBGColor( 1, GREEN ) ;
	END;

IF CLOSE < -100
	THEN BEGIN
		Plot1( CLOSE, "LAST", BLACK ) ;
		SetPlotBGColor( 1, RED ) ;
	END;
END;


IF SYMBOL = "$TRINQ"
OR SYMBOL = "$TRIN"
THEN BEGIN
IF CLOSE < -1 
THEN BEGIN
		Plot1( CLOSE, "LAST", BLACK ) ;
		SetPlotBGColor( 1, GREEN ) ;
	END;

IF CLOSE > 1 
	THEN BEGIN
		Plot1( CLOSE, "LAST", BLACK ) ;
		SetPlotBGColor( 1, RED ) ;
	END;

END;

tick.gif.51059c5309314bd1655920fe8c292383.gif

TICKTRIN.ELD

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