ShadowTrader FUTURES & FOREX
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. SIZES AND VALUE thinkScript
Your thinkscript is below in the blue box. Watch the video at right for detailed instructions on how to install and customize the Futures and Forex 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. Size and Value thinkscript on your thinkorswim platform. ——–>
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#ShadowTrader Futures and Forex 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. Sizes and Values
#Version 1.0 6/5/17
#Blake Young & Dan Sheehy
declare upper;
input Show_Futures_Label = yes;
Input Futures_Lot_Size = 1;
input Show_Forex_Label = yes;
Input Forex_Lot_Size = 1;
DefineGlobalColor(“Label_Background”, Color.red);
AddLabel(Show_Futures_Label, “Futures 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. Size: $” + (TickSize()), globalColor(“Label_Background”));
AddLabel(Show_Futures_Label, Futures_Lot_Size + ” Lot 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. Value: $” + (Futures_Lot_Size * TickValue()), globalColor(“Label_Background”));
DefineGlobalColor(“Label_Background”, Color.red);
AddLabel(Show_Forex_Label, ” Forex Pip Size: $” + (10 * (TickSize()) * (1)),
globalColor(“Label_Background”));
AddLabel(Show_Forex_Label, Forex_Lot_Size + ” Lot Pip Value: $” + Forex_Lot_Size * (10 * (Tickvalue()) ), globalColor(“Label_Background”));