Comments on: Better Know the TICK Indicator

By: john

john — Thu, 31 Dec 2009 03:38:42 +0000

I’m just glad that after reading all that, your 4 main points are exactly my observations. Here I was thinking I was going to have to retool my view. *phew*

Trading is confusing enough! Thanks, it was really a joy to read. *pulling out asprin*.. :)

By: Trader Tim

Trader Tim — Mon, 28 Dec 2009 16:12:01 +0000

Michael Cook has done a lot of research on the tick as well and has developed what he calls the cumulative tick index.

By: Trader Tim

Trader Tim — Mon, 28 Dec 2009 16:11:17 +0000

Thanks Richard, great information and analysis.

By: Tutorial on NYSE TICK's - Page 2

Tutorial on NYSE TICK's - Page 2 — Wed, 28 Oct 2009 23:40:01 +0000

[...] article on ticks, worth reading It reveals some of the inner workings of this non-price data Better Know the TICK Indicator|Move the Markets Other links & indicator by Richard on Ticks Move the Markets|Tag Archive|tick Enjoy Minoo js [...]

By: Richard

Richard — Wed, 28 Oct 2009 03:31:17 +0000

I assume you mean smaller time frame charts of ES or YM or SPY or whatever you trade. In that case, sure. If you mean the TICK chart itself, then you might as well use a time based chart since it is updated in a time-based manner. But you can go as fast as you like.

By: Webby

Webby — Wed, 28 Oct 2009 02:15:13 +0000

Richard, excellent article.

I really enjoyed all this info about the TICK. I knew lots of people use it but wasn’t sure how to interpret. Your article makes thinks a lot clearer. I’ll try to see if I can utilize it into my trading style.

You say that the TICK value gets updated every few seconds, so would it be fine to look at the TICK on smaller time frame charts such as 133/144/233 tick or 250/500 volume ?

Great stuff, please keep it up. Thanks.

By: Andy

Andy — Fri, 31 Jul 2009 23:26:23 +0000

many thanks Richard great article i have been using tick divergence against price support and resistance and has been a great combo.
Many thanks for the time to write this article.

By: Messing Around With Cumulative Tick « Read the Prospectus

Messing Around With Cumulative Tick « Read the Prospectus — Sat, 13 Jun 2009 16:02:11 +0000

[...] treatment of what the Tick is and the significance thereof. Richard at Move the Markets has a very good Tick article if you want this background info. Dr. Brett Steenbarger talks a lot about how he uses cumulative [...]

By: JohnB

JohnB — Sat, 23 May 2009 20:24:23 +0000

Thx

By: Richard

Richard — Sat, 23 May 2009 17:14:28 +0000

JohnB, you will find that the $TICK is only updated every few seconds, and by the time you get a strong positive reading again, the move is underway. For a scalper, there is no time to waste, because the only way you get a positive $TICK again is when some buying _already_ happened. For the scalper, that’s too late. For other traders, waiting for a reading back in the noise (greater than negative 400 or so) is prudent.