TICK can be added to many Telemet Orion Charts
through the Lower Indicators menu within Options. Simply select TICK from the drop down
menu.
This is a short-term breadth indicator that provides
an instantaneous measure of market strength based upon price movement of
individual issues. At any moment during the trading day, TICK can be computed
for a particular market by subtracting the total number of downtick trades from
the total number of uptick trades. Positive (negative) indicator values are
generally considered bullish (bearish), but extreme values can signal imminent
trend reversals. TICK can be applied to end of day data, but its intraday
applications are more commonly used.
Interpretation: Buy (sell) when TICK enters positive
(negative) territory. Look for extremely
high or low indicator values to signal price trend reversals.
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