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Breadth indicators for analysis
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Breadth indicators for analysis

  #61 (permalink)
Trading Apprentice
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Really interesting thread!

Did you guys come to some kind of conclusion -is McClellan Oscillator & Summation Index usefull for daytraders?

Today I use Advance-Decline line and VSTOXX trading Eurostoxx 50..

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  #62 (permalink)
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@arnie How did you come up with this nice Histogram of Net Issues?

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Breadth indicators for analysis-sp_breath02.png  
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  #63 (permalink)
Patience my young padawan
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So far no edge


I played over the weekend mainly with PCR and TRIN. PCR up/down TRIN up/down and on extremes, price can still go up or down without correlation. No strong prediction IMO.

I don't know if it is a program but PCR has a clear exponential profile during the day, first/second order exponential. I wonder why that is...

Is there a particular group of the Dow Jones ( Industrials/Utilities/Transportation ) that you are looking at? that drives price?

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  #64 (permalink)
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I'm fighting with TICK a bit. I wonder if anyone else is as well.

@EV Trader uses a cumulative tick from the Russel, here is a snapshot of today and this week (tick is black line, panel 2):

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It looked useful to me to try the Russel tick, so I went to Barchart NTCK-TF:

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Just look at panel 1, ignore that other crap it's all my overlay stuff. You can see the timeframe is roughly the same as the first chart above, but the result is incredibly different.

Can someone post the same time frame Russel TICK, and let's compare? Please mention your data source.

Mike

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  #65 (permalink)
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@EV Trader can you confirm the source for yours?

Mike

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  #66 (permalink)
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Big Mike View Post
I'm fighting with TICK a bit. I wonder if anyone else is as well.


Can someone post the same time frame Russel TICK, and let's compare? Please mention your data source.

Mike

I dont use Russell TICK but here is the chart from Tradestation

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  #67 (permalink)
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rahulgopi View Post
I dont use Russell TICK but here is the chart from Tradestation

It must be a cumulative chart or it isn't comparable.

Mike

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  #68 (permalink)
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Big Mike View Post
It must be a cumulative chart or it isn't comparable.

Mike

Tradestation has these two symbols for Russell.

$TIKRL Russell 2000 Cumulative Tick Index
$TIKRLC Russell 2000 Cumulative Tick Index (Composite)

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  #69 (permalink)
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rahulgopi View Post
Tradestation has these two symbols for Russell.

$TIKRL Russell 2000 Cumulative Tick Index
$TIKRLC Russell 2000 Cumulative Tick Index (Composite)

I have never used TradeStation so don't know. The chart you posted before would be fine if you have a study to sum the values on each new bar, making it cumulative.

Mike

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Need help?
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  #70 (permalink)
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Big Mike View Post
@EV Trader can you confirm the source for yours?

Mike

Hi Mike,


I am using IQFeed's on a minute base.

JTNT.Z or TICK.Z symbols show identical results for the NYSE NET TICK

It is well correlated to the Russell. This is why I show them together.


Pascal

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