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the definitions of uptick and downtick

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charlotte nc
 
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sureway,

Yes, you have it right.

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

Ian


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.


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