ShadowTrader CUMULATIVE TICK thinkScript
Peter and Brad have 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! Developed by “Danno” Sheehy, this study adds an invaluable layer of information to the basic tick indicator that tallies and plots its cumulative total throughout the day.
ShadowTrader Cumulative Tick
- 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