ShadowTrader Iceberg TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. thinkScript

Peter has been touting the power of the NYSE tick indicator for years and years.  It’s been in the lower left corner of the “quad” forever and it is simply one of the most reliable intraday indicators there is.  The TRINThe Traders Index, also called Arms Index after inventor Richard Arms. A complex fractional equation that takes into consideration the number of advancing stocks versus the number of decliners and also the respective volume of those two groups. Although TRIN readings over 1.0 are interpreted as bearish and readings below 1.0 are bullish it is the trend of the TRIN that is most important and any discussion of TRIN will always be in context of the trend. and others have come and gone but the TICKThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. continues to have value to the short term trader.

Now the minds at ShadowTrader have given this reliable indicator a fresh coat of paint.  As opposed to just plotting the tickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. with candlesticks, OHLCs, or lines, the Iceberg TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. paints the space between zero and the highs in green and that same space between zero and the lows in red.  This much better illustrates the concept of how much time is being spent in positive or negative territory.  Traders who know how to use the TICKThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. know that this is what really matters in terms of sustaining intraday direction, not how high or low the extremes are.

ShadowTrader Iceberg TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing.

Paints positive and negative tickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. action in real time as colored space above and below zero.

• Can be used on any TICKThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. indicator including Nasdaq or S&P.
• Colors of outlines are customizable
• Upper and lower boundary lines customizable
• Includes detailed video with instructions on how to insert and customize in your thinkorswim platform