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.
China Threatens Retaliation as U.S. Moves to Block Robot Imports
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The dispute highlights how robotics has become the latest battleground in
the intensifying technological and industrial rivalry between Washington
and Beij...
53 minutes ago
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