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Breadth indicators for analysis
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Breadth indicators for analysis

  #21 (permalink)
 Vendor: www.iqfeed.net 
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Robert Carrillo's Avatar
 
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Big Mike View Post
Also @Robert Carrillo, for the crude traders -- I thought you guys used to have a Crude equivalent for "tick"?

Mike

Hi Mike,

Not sure what you're thinking of here, since TICK is based on underlying securities. We're checking and I'll let you know if we find a DTN indicator of any kind for crude, oil, WTI, etc.

Robert

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  #22 (permalink)
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Maybe Mike was thinking of the crude VIX, OVX.XO ...? That's all I can figure. He was up late posting anyway so he was probably just tired

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  #23 (permalink)
 Vendor: www.iqfeed.net 
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DTN Calculated Stats & Indicators


Complete list not including Indexes.

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  #24 (permalink)
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comparing my sources of data, trying to understand why such a difference in the sierra w rithmic feed. all charts are 5 min nyse tick with 10 period sma. basically just looking for divergences and tick extremes. if anyone has a similar chart, from a more different feed, i would be interested to compare. see the average in relation to the zero line

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  #25 (permalink)
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Since TICK is data-provider dependent, there is no "right" data. A friend I used to talk to on TOS would have a +1100 TICK, and my IQFeed-provided TICK would be at 950, as an example. That's why it's good to use as a supporting tool, but not the centerpiece of one's trading decisions, IMO. I do not mind variations in the magnitude of the extremes, but what you show above "bothers" me in that new highs were shown by the barchart feed (provided by Sierra) about halfway through, but not the other. I have said before that I would start a thread to compare differences in TICK so maybe I will do that this weekend.

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  #26 (permalink)
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@Big Mike, could you perhaps post a chart of the NYSE TICK vs. the S&P TICK for today, using 30 second bars (hi-low bars would be fine)? I would love to see how the S&P TICK looked at 1:30pm ET (compared with the rest of the day before it and compared with the NYSE TICK).

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  #27 (permalink)
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The only breath indicators I use is the TICK and an ADV/DEC histogram.

For now I have both up, the S&P and the NYSE.
On one hand, the NYSE is slower to react, we are talking about 3000 stocks against 500 of the S&P. On the other hand, it's not so spiky, making the reading a lot smoother.
A work in progress...

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In terms of the ADV/DEC histogram...

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I use the S&P500 Issues Advances and the Issues Decliners to calculate the histogram so I can have the number of stocks and then I use the Adv/Dec ratio to follow the high and low where I have alerts programmed saying - breath made new highs or breath made new lows.
Again, I also have the NYSE so I can compare both.

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  #28 (permalink)
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josh View Post

Thanks. So create new chart with advancing issues, new chart with declining issues, then add the McClellan to the advancing and have it reference the declining.

The next step would then be to go back to my ES chart(s) and do an overlay study to pull the McClellan study from the advancing issues chart and place it on my ES chart.

Mike

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  #29 (permalink)
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josh View Post
Maybe Mike was thinking of the crude VIX, OVX.XO ...? That's all I can figure. He was up late posting anyway so he was probably just tired

Yes exactly right, I meant Crude equivalent for VIX. This week I've been up for over 24 hours 3 times so far... very tired.

Mike

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  #30 (permalink)
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josh View Post
@Big Mike, could you perhaps post a chart of the NYSE TICK vs. the S&P TICK for today, using 30 second bars (hi-low bars would be fine)? I would love to see how the S&P TICK looked at 1:30pm ET (compared with the rest of the day before it and compared with the NYSE TICK).

NYSE TICK

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SP500 TICK

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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