I put together a TradeStation Indicator for a 'NYSE Normalized TICK', such that the High TICK and the Low TICK will be shown as a % of the Total Number Securities Traded on the NYSE that day. This will work for Daily Bars as well as Intraday Bars.
However, the results didn't appear that useful for intraday scalping purposes (at least how I understand how a TICK scalper would use them). My sense is there isn't a meaningful difference between the total number of securities traded day to day, so that normalizing the TICK extremes doesn't yield an edge over using the raw TICK.
If anyone is interested in this Indicator, please let me know and I will send it over. I don't think there is anything useful here though.
DJIA Down 12 of Last 17 May Monthly OpEx Weeks
-
Over the years, May’s monthly options expiration (opex) week has been
mixed. Since 1990, the last 36 years, DJIA and S&P 500 have both advanced
18 times ...
7 hours ago
No comments:
Post a Comment