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Is it possible to get an EFS to calculate a Cumlative tick LINE..
Dr Brett Sternbarger is very successful using it intra day to determine if bids are being hit or offers taken... I think is is much better than analyzing volume because it tells you the agressiveness of the mkt particiapants... Here is the link to the article.... Brett uses a HLC/3 for the minute number to use the calculation with... thanks for your help!!
"Here we see the ES futures for 5/24/07 (blue line), a one-day cumulative total of the Adjusted NYSE TICK. Recall that the Adjusted TICK is the one minute NYSE TICK minus the average TICK level over the past 20 trading sessions. When the cumulative total slopes downward, we know that we're getting above average selling interest (hitting of bids) across the NYSE stock universe. "
Dr Brett Sternbarger is very successful using it intra day to determine if bids are being hit or offers taken... I think is is much better than analyzing volume because it tells you the agressiveness of the mkt particiapants... Here is the link to the article.... Brett uses a HLC/3 for the minute number to use the calculation with... thanks for your help!!
"Here we see the ES futures for 5/24/07 (blue line), a one-day cumulative total of the Adjusted NYSE TICK. Recall that the Adjusted TICK is the one minute NYSE TICK minus the average TICK level over the past 20 trading sessions. When the cumulative total slopes downward, we know that we're getting above average selling interest (hitting of bids) across the NYSE stock universe. "
