Tick indicator

[darth trader]

I was recently using a charting package that presented the TICK indicator for the DJIA and couldn't find a definition in any of my TA books.

Here is a link that describes the TICK and how to use it.

http://working-money.com/Documentation/Feedbk_docs/Archive/042000/Abstracts_new/OBrian/OBrian.html

It is interesting to note that values outside of + or-600 suggest overbought/oversold conditions on a market that cannot be sustained.

 

[ChartMan]

Ive seen 800/900 on sustained rallies on the dow...

 

[darth trader]

thanks...

 

[Riz]

I think when the market is volatile and without a sustained rally or tanking, +/-600 does suggest a possible imminent turn round...on sustained movements however as ChartMan said they do go up to 900 or so and sustain that level so long as the rally lasts, extreme seems to be 1000 which I've never seen...

Riz