Hi all,
Does anyone have advice on the following :
1) Does eSignal (or anyone else) create more Market Statistics for the Dow Jones 30 Index other than the $TICKI?
(eg - $TRIN / $ADV / $DECL / $VOLD....etc)
2) Has a WEIGHTED $TICK ever been created -
EG - a $TICK / $TICKI where the each individual stocks up/down tick movements are weighted (in whatever form) in proprtion to the market cap (NYSE) - or Price Weight (Dow - could be easier as theres only 30 issues) of the stock itself
- and then all the stocks are compiled to create the final Weighted Cumulative Tick?.
Thus the Weighted Tick would be able to identify if there is serious power behind the stocks moving it.
I have no idea if this is a practical idea - but i thought it was worth a mention at the very least!
Thanks,
Paul
Does anyone have advice on the following :
1) Does eSignal (or anyone else) create more Market Statistics for the Dow Jones 30 Index other than the $TICKI?
(eg - $TRIN / $ADV / $DECL / $VOLD....etc)
2) Has a WEIGHTED $TICK ever been created -
EG - a $TICK / $TICKI where the each individual stocks up/down tick movements are weighted (in whatever form) in proprtion to the market cap (NYSE) - or Price Weight (Dow - could be easier as theres only 30 issues) of the stock itself
- and then all the stocks are compiled to create the final Weighted Cumulative Tick?.
Thus the Weighted Tick would be able to identify if there is serious power behind the stocks moving it.
I have no idea if this is a practical idea - but i thought it was worth a mention at the very least!
Thanks,
Paul
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