Is It Really The Start of Something New? July 20, 2011

[ernsttanaka]

Here is my Cumtick code for TOS.

Use symbol $tick and uncheck "Show Price Subgraph"

See attachment for settings and for screen capture of an example.

declare lower;
rec ct = ct[1]+close;
plot cum = ct;
plot cum600 = average(cum,600);
plot cum390 = average(cum,390);
plot cum195 = average(cum,195);
cum600.setDefaultColor(color.red);;
cum390.setDefaultColor(color.orange);
cum195.setdefaultColor(color.green);

[asomani]

If all subscribers to stockcharts.com and those interested would kindly go to
http://stockcharts.com/help/doku.php...symbol_request
Please ask them to add the tick chart for the Russell 2000, symbol $TIKRL.
I believe this would be very helpful to our IWM robot community.
Thanks, Dave

Thank you, Dave. I noticed one does not need to be a sub to make the request...I've sent in my request for same. Hopefully, they will listen to us.

And, Ernst, thank you for kindly sharing the code. Helpful for those of us using TOS software.

[roberto.giusto]

Here is my Cumtick code for TOS.

Ernst,

thank you, this is really helpful.

Also, thanks a lot for the very interesting thread on your bread and butter trade.


Roberto

[ilonaross]

1. tnx, ernst.

2. i asked for $TIKRL.

[EB]

FWIW, the first two subgraphs compare NYSE Tick and R2K Tick. They look very similar in terms of the raw data, but the cume Ticks do differ. The third subgraph is S&P 500 Tick.

[davidallison@gmail.com]

Stockcharts answer regarding the R2K Tick,

Cole Johnson, Jul-23 23:03 (PDT):
Dear David,
Thanks for sending me that additional information. I see where the confusion has occurred. The term "Tick chart" has a more common meaning that is different from the way you are using it.
While $TICK and $TICKQ can be called "Tick" charts because of their names, they are not "tick charts" in the traditional sense of that phrase. A "tick chart" is a very short-term chart where the horizontal axis represents each trade that happened while the market was open.
http://daytrading.about.com/od/daytr...TickCharts.htm
$TICK and $TICKQ are _market_indexes_ that show the number of stocks that are increasing ("ticking up") minus the number of stocks that are decreasing ("ticking down"). $TICK is calculated and published by the NYSE. $TICKQ is calculated and published by the Nasdaq.
We do not have access to data for the Russell 2000 version of $TICK. I see that TIKRL appears to only be provided by TradeStation because it appears to be a proprietary calculation that they do themselves. We do not have ability and must rely on data provided by our data vendor.
Thanks again for using StockCharts.com,

Cole Johnson
StockCharts Support
http://stockcharts.com