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NQ $tick vs NYSE $tick


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NQ $tick vs NYSE $tick

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  #1 (permalink)
medj
Manchester
 
 
Posts: 16 since Jun 2018
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Hi everyone,

I know the NYSE tick index is a great tool in trading and most people use it however if someone’s trading NQ why wouldn’t they use the Nasdaq $tick instead of the NYSE as surely it’ll be more representative?

Thankyou,
Medj

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 ChrisTinaBruce 
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The NQ Tick represents the NQ 100 stocks versus NYSE Tick is 500. By having a broader view can help provide an edge.


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  #3 (permalink)
medj
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Hi thanks for the reply.

But im sorry, if you are trading the NQ 100 wouldnt the ticker for NQ also provide an edge due to it focusing on just the 100 stocks which the emini NQ is revolved around. Whereas the NYSE has 400 stocks that the NQ doesnt even have therefore is not 'important'.. or does that not matter and the broader view like you said have more power than a specialized (100 stocks) ticker?

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 ChrisTinaBruce 
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medj View Post
Hi thanks for the reply.



But im sorry, if you are trading the NQ 100 wouldnt the ticker for NQ also provide an edge due to it focusing on just the 100 stocks which the emini NQ is revolved around. Whereas the NYSE has 400 stocks that the NQ doesnt even have therefore is not 'important'.. or does that not matter and the broader view like you said have more power than a specialized (100 stocks) ticker?



The point is the NYSE provides a larger or broader view of the overall market. There is no holy grail. Although with a broader market view provides an insight to the strength of the overall market.


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 Comeback King 
Tampa, FL/USA
 
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I trade NQ and use TICKQ or NQ TICK. Depending on your time frame it will or won't matter. If you are trading hourly charts or large volume/range charts then maybe it's not a big deal. But NQ does not track ES/YM exactly, particularly on shorter time frames. So I use NQ TICK (TICKQ on my platform) with the NQ and TICK with the ES/YM. I don't normally hold trades for very long and I'm not looking for a longer directional type trade in most cases so for me it makes sense to match the TICK to the market.

Using the "you want to look at the broad market logic" you should use the US stocks tick as this encompasses as much as possible. Maybe that's the best idea and would correlate better than the other TICK's but I've not tested it.

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  #6 (permalink)
medj
Manchester
 
 
Posts: 16 since Jun 2018
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Comeback King View Post
I trade NQ and use TICKQ or NQ TICK. Depending on your time frame it will or won't matter. If you are trading hourly charts or large volume/range charts then maybe it's not a big deal. But NQ does not track ES/YM exactly, particularly on shorter time frames. So I use NQ TICK (TICKQ on my platform) with the NQ and TICK with the ES/YM. I don't normally hold trades for very long and I'm not looking for a longer directional type trade in most cases so for me it makes sense to match the TICK to the market.



Using the "you want to look at the broad market logic" you should use the US stocks tick as this encompasses as much as possible. Maybe that's the best idea and would correlate better than the other TICK's but I've not tested it.



Thanks for your reply. I trade 500tick NQ so pretty small TF and that was my thinking as well that it would make more sense to match the tick to the symbol. I think it’ll be best for me to test both ticks with my strat and see which one provides the better odds.

Thanks for the replies CK and ChrisTina


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 Leon of Pizza 
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My experience with internals: Years ago I tried the Reznicek method for reading internals, then dropped it. Now I occasionally look at a simplified $TICK and $TICK/Q. I also tried out the discrete index ones, but never developed anything.

I found little value in it when applied to most day types (sideways, or 2-sided trends). I outright mis-used it and got in to bad trades during fits of desperation in tight sideways days. Now, I only look at it on strong trend days (outliers). But I already feel the pressure of the outlier, so it only serves to confirm an existing read. I go months at a time without looking at a $TICK chart and I don't miss it. I did miss it at first and had to wean off of the psychological tit.

With that said, I always have alerts at +/- 1000 TICK and +/- 800 TICK/Q. They make a distinctive sound, so I get it as background input.

On strong bull trend days, sometimes I see a $TICK floor, where I think with-trend PB traders are entering. I took one of these last week and it worked fine. I've taken this trade maybe 10 times, so its not developed at all. I think its rare, so I don't pursue it. I haven't documented it enough.

On sideways days, I see the first (and often the only one that day) $TICK extreme as a head fake. If I'm already planning to take a pivot trade and I hear the -1000 $TICK go ding, I let my order ride and take the trade. I'm planning to get a spring of sorts. If I hear a 2nd ding before I'm filled, or while that trade is on, I'm more inclined to pull/scratch it.

I looked at the so-called TICK divergence trade. I think its too rare and the efficacy is no better than average to be a stand-alone strategy. Maybe it can confirm another pattern you were already working.

I also saw days when they were mis-leading. My theory is that the higher volume is in stocks traded on another exchange, so the normal index based relationship is skewed. I would get in to bad trades on those days too. All of those bad trades were due to a lack of a structured method. I consider the entire experience to be a grail-seeking exercise.

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 aotc 
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ChrisTinaBruce View Post
The NQ Tick represents the NQ 100 stocks versus NYSE Tick is 500. By having a broader view can help provide an edge.


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The NQ and NYSE ticks, for the exchanges, show the difference of up and down ticks for all the stocks on respective exchanges....approximately 2800 stocks for each. You are referring to the NQ 100 tick, which I do not find useful.

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 chartmojo2 
Missioul Montana usa
 
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Here is a little vid I did on ticks in tradingview, and how I use them. I have since evolved that useage a bit as indicated below the vid. I now add the ticks together I used to used to use them in a separate manner. https://www.tradingview.com/chart/TICKQ/pWB7UrB6-Explanation-of-my-tickq-and-tick-charts/ Ticks take a while to get used to. Its about direction, surge, which side of 0 they hang on etc etc..to me in real time they are very good at leading the composites, etf's by a bit. I used them more for leading pull rather than overbought over sold.

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