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..
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.