NYSE Tick Index and Candlesticks by Tim Ord
ARTICLE SYNOPSIS ...NYSE Tick Index and Candlesticks by Tim Ord
The tick index may appear to be one of the simplest of market indicators, but it also offers insight into market psychology. As a stand-alone indicator, the tick index has its place in the technician's toolbox, but combining the tick index with candlestick charting, another technical method for spotting changes in market trends, creates a potent combination.
A wealth of information waits to be discovered in the New York Stock Exchange (NYSE) tick index. Its strong suit is its simple calculation. At any point, this index represents the number of st...