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Cumulative Adjusted Tick


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Cumulative Adjusted Tick

  #41 (permalink)
 
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 rahulgopi 
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Market Internals provide a depth of information regarding the underlying strength of the market. I havnt changed my Market Internals screen in over 6 years and the divergence when that exist in the market works with a very high probability. Eventhou I use Cumulative TICKS, raw TICK clearly shows who is in control of the market when price is trending. Exhaustion's on either side is useful to identify ranging markets.

Here is a link I wrote few years back : Identifying [AUTOLINK]Range[/AUTOLINK] Days Using TICK | Darb Capital Investments Inc

Look at the divergence which was screaming long from today.


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  #42 (permalink)
 
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 wldman 
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paps View Post
Same what @rahulgopi mentioned cum tick n adjusted. Just a different way of looking at things. I don't use it always it's at certain times when I enter using some other citeria and like to see confluence

I'd like to look at this for a few days in context. I will check the library Monday.

If you care to could you describe construction and your application?

Dan

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  #43 (permalink)
 
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 wldman 
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@Silvester17

"I do believe that internals are useful in trading. especially for a contextual view of the market. but for short term trading, I believe futures are most of the time the leading force. in other words, internals are lagging. of course this is just imho and should be treated like that"

This is interesting to me. I hope we can discuss and perhaps I can build from your view.

Dan

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  #44 (permalink)
 
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 wldman 
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I cant see or tell what each of those charts are showing. I'd love to know, especially if those on the left are something i'd like to take a look at.

Interesting to me, and I'm certainly NOT trying to bid you back...but I don't see divergence there. That could be because I don't know what I'm looking at or the specific criteria you are taking into consideration.

That said, I have read many posts of yours and would benefit from a better understanding of what you see.

Dan



rahulgopi View Post
Market Internals provide a depth of information regarding the underlying strength of the market. I havnt changed my Market Internals screen in over 6 years and the divergence when that exist in the market works with a very high probability. Eventhou I use Cumulative TICKS, raw TICK clearly shows who is in control of the market when price is trending. Exhaustion's on either side is useful to identify ranging markets.

Here is a link I wrote few years back : Identifying [AUTOLINK]Range[/AUTOLINK] Days Using TICK | Darb Capital Investments Inc

Look at the divergence which was screaming long from today.



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  #45 (permalink)
 
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 rahulgopi 
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wldman View Post
I cant see or tell what each of those charts are showing. I'd love to know, especially if those on the left are something i'd like to take a look at.

Interesting to me, and I'm certainly NOT trying to bid you back...but I don't see divergence there. That could be because I don't know what I'm looking at or the specific criteria you are taking into consideration.

That said, I have read many posts of yours and would benefit from a better understanding of what you see.

Dan

Charts on the top right are NYSE and S&P spreads. Below is the corresponding ES chart. When ES made a lower low at 7:30 AM PST, spreads were ticking higher. This is one kind of divergence, a positive one. Correlated instruments, YM , for e.g did not go lower at 7:30 , is another type of divergence. 35 level was RTH Single Print Zone from Thursday, if I am looking to enter long at that support level, these types of divergence in the market is what I am looking for whilst judging the probability of such a trade.


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  #46 (permalink)
 
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Those elements that you describe are totally not part of my cognitive process. I never thought of that.



rahulgopi View Post
Charts on the top right are NYSE and S&P spreads. Below is the corresponding ES chart. When ES made a lower low at 7:30 AM PST, spreads were ticking higher. This is one kind of divergence, a positive one. Correlated instruments, YM , for e.g did not go lower at 7:30 , is another type of divergence. 35 level was RTH Single Print Zone from Thursday, if I am looking to enter long at that support level, these types of divergence in the market is what I am looking for whilst judging the probability of such a trade.



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  #47 (permalink)
 
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 rahulgopi 
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wldman View Post


Those elements that you describe are totally not part of my cognitive process. I never thought of that.

First one on left top is Cumulative Daily TICK, starts at RTH open. One in the middle is Cumulative Adjusted TICK and an average line over n periods. Last one is VolumeIndex, plotted using a function of Volume and OpenInterest.

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  #48 (permalink)
 
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@rahulgopi

just the type of thing I'm interested in. The middle one is what I was looking for when I discovered this old thread. I need to find those or build those on a platform I can see. ToS is my primary now but I can still see NT7.

I really appreciate that information and I hope you are willing to talk about design and your specific application.

Dan

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  #49 (permalink)
 
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 rahulgopi 
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wldman View Post
@rahulgopi

just the type of thing I'm interested in. The middle one is what I was looking for when I discovered this old thread. I need to find those or build those on a platform I can see. ToS is my primary now but I can still see NT7.

I really appreciate that information and I hope you are willing to talk about design and your specific application.

Dan

This doesnt normalize the TICK as described in Dr Bretts implementation, rather plots the average of H+L+C, . This is again averaged to get the moving average. I do not use this for swing trading by looking at multiday / week cumulative TICK. I use this plot to get a feel about which side is having an upper hand in the market on an intraday basis.

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  #50 (permalink)
 
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@wldman @wldcrzyman @crzywldman

https://easycators.com/thinkscript/cumulative-adjusted-tick-indicator/

Worth investigating, no?

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