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Tick Indicators
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Tick Indicators

  #1 (permalink)
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Tick Indicators

I'm curious to know, what indicators traders use with Tick based interval charts? I'm currently only using a custom BB indicator that is basically a MACD w/Bollinger bands/Momentum BB's. What indicators work well with faster time frame charts such as Tick?

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  #2 (permalink)
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Nward1986 View Post
I'm curious to know, what indicators traders use with Tick based interval charts? I'm currently only using a custom BB indicator that is basically a MACD w/Bollinger bands/Momentum BB's. What indicators work well with faster time frame charts such as Tick?

Hey!

I just want to let you know that traders use EVERY indicator there is with EVERY type of chart.

Tick charts are not "faster" than any other chart, it all depends on the interval you use. Go look into what tick charts are and then realize that there is no "real" answer to your question besides that they use EVERY indicator.

I hope this helps you in a way that you can rephrase your question or do a bit more research.

Good luck!

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  #3 (permalink)
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rocksolid68 View Post
Hey!

I just want to let you know that traders use EVERY indicator there is with EVERY type of chart.

I think the question should be formulated differently.
What can be calculated on tick data, that is not possible to calculate on other data ?

Once it is calculated, I am probably able to display it on 1min 5min or any other type of chart...

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I suppose my question resides on indicators that work best on faster time periods. I understand that any indicator can be used on any specified time frame, but some may give better indications of trend reversals on shorter time periods, than some who are susceptible to false readings.

Just curious which ones traders would recommend using and watching more closely for a beginning trader

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  #5 (permalink)
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In my experiece CCI, Stochastics and Macd in that order. Masood

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hi this is not advice. Its some of the stuff i found useful.

Volume at Price & Tape. Also Market Internals such as Breadth & what is NYSE TICK doing

cheers n best

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Volume ,trendlines //horizontal and perpendicular lines//.........
Oscillators dont work on trending neither ranging please dont rely on them ///been there done that!!
Go to bigger timeframes 500 tick and above so you cannot get trapped on the market noise...
Trade pullbacks on the direction of trend.........

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Nward1986 View Post
I suppose my question resides on indicators that work best on faster time periods. I understand that any indicator can be used on any specified time frame, but some may give better indications of trend reversals on shorter time periods, than some who are susceptible to false readings.

Just curious which ones traders would recommend using and watching more closely for a beginning trader

My wish for you is to not make the same multi year mistake I did and waste energy, time and capital on lines on your charts. Pull back and analyze the big picture now as a beginner looking at daily and weekly charts. Drop down to 240min 120min charts learn to find support and resistance levels on these charts. Seek to understand daily charts in light of market internals like New York Stock Exchange TICK (NYSE TICK) VIX ADD maybe TRIN (equity only not one calculated on entire stock market, ETF's and inverse ETF's can mess with TRIN) etc etc. Who do you have for data? What internals can you get your hands on?

I find Excel the best "indicator" I use...or I should say the fact that I developed the ability in using Excel to pull out high probability events with Excel across thousands of days of market data 10+ years of daily bar data. Not sure how to dump chart data into Excel? Here's a free way... try these amazing and free Rainbow tools for NinjaTrader from a very giving trader named Lucas. Once the Rainbow tool is on your chart you simply click to highlight the bars and then hit ctrl v and all the bars data is copied to the clip board. Paste it into a text file using say Notepad and save it. Then open Excel, Data tab/Get external data/From Text select that file and follow instructions.

One trade to look for from this data (there are many others just be creative and see what you can come up with!)

Gap fill. RTH (regular trading hours) : the "gap" between one days close of RTH to the open of the next trading day. Half Gap fill....... Does Gap almost fill missing by a few ticks? ....often???

Did todays RTH open inside yesterdays RTH range? yes on no.... What you are trying to do is become familiar with your instrument and find events that happen a high percentage of time. Upwards of 60%. Obviously higher is better. Understand how it behaves.

There is zero substitute for screen time..... Write down some rules to follow, stay the course...record somehow...on paper?...in Word? trade ideas, trades, your thoughts .....review this info .......How you win/lose matters...

Wishing you all the best....

Ron

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Blash View Post
My wish for you is to not make the same multi year mistake I did and waste energy, time and capital on lines on your charts. Pull back and analyze the big picture now as a beginner looking at daily and weekly charts. Drop down to 240min 120min charts learn to find support and resistance levels on these charts. Seek to understand daily charts in light of market internals like New York Stock Exchange TICK (NYSE TICK) VIX ADD maybe TRIN (equity only not one calculated on entire stock market, ETF's and inverse ETF's can mess with TRIN) etc etc. Who do you have for data? What internals can you get your hands on?

I find Excel the best "indicator" I use...or I should say the fact that I developed the ability in using Excel to pull out high probability events with Excel across thousands of days of market data 10+ years of daily bar data. Not sure how to dump chart data into Excel? Here's a free way... try these amazing and free Rainbow tools for NinjaTrader from a very giving trader named Lucas. Once the Rainbow tool is on your chart you simply click to highlight the bars and then hit ctrl v and all the bars data is copied to the clip board. Paste it into a text file using say Notepad and save it. Then open Excel, Data tab/Get external data/From Text select that file and follow instructions.

One trade to look for from this data (there are many others just be creative and see what you can come up with!)

Gap fill. RTH (regular trading hours) : the "gap" between one days close of RTH to the open of the next trading day. Half Gap fill....... Does Gap almost fill missing by a few ticks? ....often???

Did todays RTH open inside yesterdays RTH range? yes on no.... What you are trying to do is become familiar with your instrument and find events that happen a high percentage of time. Upwards of 60%. Obviously higher is better. Understand how it behaves.

There is zero substitute for screen time..... Write down some rules to follow, stay the course...record somehow...on paper?...in Word? trade ideas, trades, your thoughts .....review this info .......How you win/lose matters...

Wishing you all the best....

Ron



Thanks Blash

Sounds interesting, and ill have to look into it. I understand completely about investing capital on indicators and find my self looking for an upper edge when i should be only focusing on understanding how the market moves.

I recently purchased a platform and courses by DTA (DayTradingAcademy), who basically use keltner channels, with MACD BB indicator with 610 tick charts who taught me that my main focus is to understand the market movements and momentum (macro and micro). I've had decent success with their trading courses and gave me a better understanding of the S&P E-Mini. However i'm looking to gather an additional edge to my trading, to provide better results. I've done well with the curriculum they've taught me (2 months with no weekly losses), but still find there is more to learn before i jump live into the market. I've been reading a lot about market profile, VWAP, fibanacci studies, elliot wave theories. I do look at Tick and Trin along with breadth, & AD lines, and they seem to help me either stay in trades for longer targets or cut losses earlier. I also look for continual daily patterns that emerge, and technical analysis trends, patterns, and formations.

I think i may be looking at too many things trying to figure it all out, and just need some help on what i should really be focusing on? Is market profile, VWAP, Elliot wave studies things i should be concerned about or something i should focus on later?

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  #10 (permalink)
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I don't use any indicators at all now. That goes for both time based and tick charts. I've tried them all and I've come to the conclusion the only ones making money out of indicators are the ones selling them.

I now focus on price action only, and its made a huge difference.

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