junk - TICK is the number of stocks on the NYSE increasing in
price vs those decreasing in price. It runs on a scale from
-1200 to +1200. One very basic reading of it -- on a 5-min
chart -- is that when it crosses +1000 or -1000 it almost always
signals a short-term turn coming in the market.
Posted by junkmaylbox on 29th of Dec 2008 at 04:25 pm
Thanks for the information. I could not find $tick on
StrategyDesk, so I had to ask. I do find it on stockcharts. I'll
have to look up those indexes specifically, they are useful to
know.
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Posted by junkmaylbox on 29th of Dec 2008 at 01:52 pm
What is $tick?
junk - TICK is the
Posted by Michael on 29th of Dec 2008 at 03:25 pm
junk - TICK is the number of stocks on the NYSE increasing in price vs those decreasing in price. It runs on a scale from -1200 to +1200. One very basic reading of it -- on a 5-min chart -- is that when it crosses +1000 or -1000 it almost always signals a short-term turn coming in the market.
$tick
Posted by junkmaylbox on 29th of Dec 2008 at 04:25 pm
Thanks for the information. I could not find $tick on StrategyDesk, so I had to ask. I do find it on stockcharts. I'll have to look up those indexes specifically, they are useful to know.