Understanding of tick volume | Traders Hideout


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Understanding of tick volume

  #11 (permalink)

Chicago
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus
 
Posts: 16 since Aug 2009
Thanks: 8 given, 11 received

... thanks for posting this iantg. It got me to thinking....

The problem I've always had with ADX (on intra-session trading) is coming up with a qualitative signal for trend or noise. Using a static reading of say 25 or 30 misses too many good trades or worse: sets you up to get whip-sawed by trading the end of the move.

The only way I've found value in ADX is relating it to it's own most recent hi / lo and correlating that to the price action. But, this turns a system tool into just another discretionary indicator.

Your thoughts would be appreciated.

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