The TICK Indicator
The NYSE TICK is a market breath indicator. The single indicator monitors overall market sentiment by looking at over 5,000 NYSE stocks.
Chris Terry at at the LBRGROUP.com monitors the absolute levels and for price divergences. He gives an excellent explanation of the TICK indicator
and his trading tactics.
We also coded a simple system in EasyLanguage using Tradestation 2000i. The performance report trading the YM from June to August 2005 has been quite astounding.
To get a report,
for our Day-Trading-Secrets email reports.
James Altucher has also published 2 intraday TICK trading systems in his book,
"Trade Like a Hedge Fund."
Mr. Altucher uses it as an oversold indicator in two intraday trading systems.