Comments on: TICK16 – The Next Generation of TICK Index

By: Kenneth

Kenneth — Tue, 17 Nov 2009 19:49:31 +0000

This is NeoTicker proprietary technology no other technical analysis platform can reporduce.

By: qwfx

qwfx — Tue, 17 Nov 2009 16:28:15 +0000

Does anyone has code for trade station?

By: David Rosenthal

David Rosenthal — Tue, 27 Dec 2005 03:51:35 +0000

I’m focusing on the Russell 2000 E-mini these days. Any ideas about how to construct a useful Tick16 for that index? My symbol limit on ESignal is 500, so I obviously can’t get them all. I’ve thought of tracking the 300 or so R2K stocks with the highest trading volume, will have to try that out to see if it’s useful. Maintaining that list is a project in itself, though.
The NYSE Tick actually gives some good divergence signals for the Russell, perhaps better than it does for the S&P. And it updates every 6 seconds on ESignal, which is usually fast enough for the way I trade. Still, I wonder if I could do better with something customized to the Russell. I’d love to hear any ideas or suggestions about this.

By: Lawrence Chan

Lawrence Chan — Fri, 16 Dec 2005 01:49:30 +0000

The CPU load is minimal, similar to TICK16.

By: Laszlo

Laszlo — Thu, 15 Dec 2005 20:29:16 +0000

Has anyone ever tried to use the data field “NetBidAskTradedVol”in NeoBreadth to create a composite of how much
volume traded at the bid/offer for a basket of stocks? Is this too CPU intensive? I wish I had the time to
“play” with all the interesting tools offered in NT!

By: Lawrence Chan

Lawrence Chan — Wed, 14 Dec 2005 17:20:07 +0000

You are welcome.

By: Brett Steenbarger

Brett Steenbarger — Wed, 14 Dec 2005 02:38:22 +0000

Excellent overview of the TICK16. The point about stale quotes and the NYSE TICK ($TICK) is excellent. Note in the article’s first example that the $TICK moved higher late in the trading session, but the TICK16 barely budged. This is almost certainly a result of buy programs in the small cap stocks going off near the close. Such programs will distort the $TICK if one is using it to gauge upticking and downticking action in the S&P 500 market.

What is key–and what I might write an article about–is viewing the TICK as a very short-term index of market psychology. If stocks are upticking, it means they are trading at their offer prices, which means that buyers are being aggressive. If stocks are downticking, it means that stocks are trading at their bid prices and sellers are aggressive. The TICK16–and the customized TICK measures that are possible in NeoTicker–provide real time snapshots of whether traders are hitting bids or lifting offers. When we see the distribution of TICK values change over time, we are seeing a shift in short-term market psychology that normally precedes a change in short-term price trend.

IMHO, the ability to create TICK measures for individual issues and for user-defined baskets of stocks (representing sectors) provides a meaningful edge for those who know how to use this information. Thanks for the interesting article — Brett