TICK indicator

[bottomdollar]

Hi All
Was wondering whether of you guys use the TICK indicator and how good/useful have you found it to be in making trades.
What is a good package which uses this indicator? I want to be able to look at UK and US stocks..

Thanks

 

[mmillar]

Hi bottomdollar,

The TICK is a very short term indicator that is probably only useful in extremes. If it goes +/-1,000 then it is likely that in the next few seconds the market will reverse (but maybe only slightly and only for a few seconds). I sometimes look at the trend to see if there is more buying/selling action or less, but it usually only tells me what I can already see in the price and volume.

You can get it from free sites like Quote.com
http://finance.lycos.com/home/livecharts/default.asp?symbols=INDEX:TICK

or Yahoo
http://finance.yahoo.com/q?s=^TIC.N&d=c&k=c1&a=v&p=s&t=1d&l=on&z=m&q=l

...or you'll find it with most pay packages as something like $TICK

There are lots of other market statistics available. eSignal provide a good list of market statistics here...
http://www.esignalcentral.com/support/symbol/esigind_entry.asp#most requested

I use this site to get a handle on these kinds of stats...
http://www.daytradersaction.com/education/high5table.asp

cheers

mmillar

p.s. these statistics are only relevant to the US market. I don't believe we can get anything similar for UK or European markets (though I'd be happy for someone to correct me).

 

[bottomdollar]

Thanks Mmillar, most helpful!