I am going to ask a question that is going to show how green I really am.

Yesterday, we had strong computer buying, as the cumulative tick was above all averages on below average volume. The market gapped up and hence the gains were from that point forward - from an in/out same day trading strategy.

Today, again as EB has previously shown in another post, we again had cumulative tick above all averages yet the gains were not nearly as dramatic and in fact the market was negative at times.

Could one interpret these differences as yesterday hardly anyone was selling (pushing prices higher) and today the computers were buying into selling? Would it be considered a safe R/R diveragnce play to buy when the cumulative tick is up and yet the market is down? I am trying to better understand how cumulative tick can be used as a long/short day trading indicator.

Regards,
Harry

Post Script - thanks Ernst for sharing your TOS code.