I found a few indicators on tick however i was watching Fulcrum's webinar on delta diff and he was using one quite effectively.
It was an up tick / down tick where by it was painting green or red depending on whether the bulls or the bears were in command and he could decipher from it wehther limit orders would absorb the buyers coming into the market or not. He uses it ( if i understand correctly) in conjunction with the Delta diff indi.
He likes to see price, delta and the Up tick / down tick all heading in the same direction before entering the market.
You could have a price spike upwards but unless the tick was in agreement you could refrain from entering the trade as it suggested that the buying was being absorbed and would be short lived. ie: there is some divergence between price and the tick indi
I like the idea of it as i tend to get caught in false breaks at times
Any idea if there is something like that for NT7?
Last edited by grego; August 25th, 2011 at 02:52 AM.
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