ShadowTrader has been steadfast in touting the power of the NYSE tick indicator as the best short term predictor of price there is. This add-on study might just make it even better! The study adds an invaluable layer of information to the basic tick indicator that tallies and plots its cumulative total throughout the day.
- Keeps running total of cumulative tick during day and charts it
- Adds another vital layer to tick divergences and confirmations
- Customizable to view plot in 14 different formats (Iines, arrows, histogram, dots, etc)
- See the overall trend of underlying buying and selling on the day to reinforce direction and avoid “shake outs”
- Built-in ability to view cumulative ticks of NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA, and Russell 2000 indices