I detect that a 10-minute moving average of the NYSE TICK removes much of the dissonance from the one-minute values. In the nautical chart to a higher house of Monday's trading, a few things stand upward out:
1) We tin sack oftentimes seat potent days to the upside in addition to downside when the starting fourth dimension hour's TICK is persistently positive or negative. This agency nosotros convey skewed sentiment, amongst stocks aggressively trading on upticks or downticks. When TICK MA pullbacks can't fifty-fifty larn into negative territory, you lot know that the reckon is quite positive. That's a hallmark of a trending day.
2) At a glance nosotros tin sack run across if the 10-min. MA of TICK is spending to a greater extent than fourth dimension to a higher house or below the nil line, which tells us that the Cumulative TICK is running positive or negative. Consider the possibility of a tendency twenty-four hr catamenia when we're persistently to a higher house or below the nil trouble inwards the TICK MA. The moving average of TICK equally good helps us seat intraday turns inwards reckon in addition to trend, when markets shift from primarily above/below nil to primarily below/above. Non-trending markets volition by in addition to large pass to a greater extent than balanced fourth dimension to a higher house in addition to below the nil level.
3) In a potent market, pullbacks inwards the 10 min MA of TICK are oftentimes skillful short-term entry points; inwards weak markets, bounces inwards the 10 min MA are candidates for selling. I by in addition to large detect it useful to expression for these countertrend bounces, in addition to hence equally to non larn whipsawed buying highs in addition to selling lows. Even inwards a marketplace seat that is close to alter direction, we'll oftentimes larn a retest of previous highs/lows afterward 1 of these TICK pullbacks/bounces, making it much easier to scratch trades. Good execution counts for a meaningful portion of profitability.
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