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the definitions of uptick and downtick

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charlotte nc
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Yes, you have it right.

If you focus on only the price level changes, then you can cut your noise down considerably.


sureway View Post
Ian, thanks a lot for your good comments. Yes the price jumps between ask/bid sounds to follow a random process. It seems that only with bid/ask tick data, we would have better chance to detect the buying/selling force at a micro level. Correct me if I get it wrong. The changes of the bid/ask prices show the direction of the move, and then the corresponding volumes reflect the buying/selling forces.

In the analytical world there is no such thing as art, there is only the science you know and the science you don't know. Characterizing the science you don't know as "art" is a fools game.
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