$TICK: Adapt your strategy to current realities, not historical data

Corey has beautifully summarized TICK extremes
http://blog.afraidto...-last-10-years/
http://blog.afraidto...-with-the-tick/
http://blog.afraidto...traday-traders/

"In the last 10 years, most negative TICKs were seen in 2008, none below -1000 in 2006"

Edited by DrSP, 27 July 2011 - 09:33 PM.

Corey has beautifully summarized TICK extremes
http://blog.afraidto...-last-10-years/
http://blog.afraidto...-with-the-tick/
http://blog.afraidto...traday-traders/

"In the last 10 years, most negative TICKs were seen in 2008, none below -1000 in 2006"

Hi DrSP, thanks for posting and sharing the tick explanations, charts, and analyses from Corey Rosenbloom, CMT.

Best,

Bob

Edited by Bob-C, 27 July 2011 - 10:31 PM.

This is a nice find Dr. SP. I do look at a lot of TICK and TIKRL data on several timeframes. 2min 5min 15min bars are the timeframes I use, but I never use the raw data. I do run several algo's to smooth the data including some stuff from John Ehlers and also have experimented with some fast MA's like the Hull and Gaussian on the short 2min and 5min timeframes.

I have studied TICK data extensively on that 15min bar using various algo's and I can only say that my findings are exactly in line with what the article says. You can really see this on the 15 bar.

FIRST DATA IS FROM JAN TO MARCH 2006

Edited by viccarter, 27 July 2011 - 11:01 PM.

Corey has beautifully summarized TICK extremes
http://blog.afraidto...-last-10-years/
http://blog.afraidto...-with-the-tick/
http://blog.afraidto...traday-traders/

"In the last 10 years, most negative TICKs were seen in 2008, none below -1000 in 2006"

The changes in the tick over the past 10 years as outlined in the first article can be explained by the decimalization in 2001 and the abandonment of the up tick rule in 2007.

It is easy to see that after the abandonment of the up tick rule in 2007 we suddenly get a lot more very negative tick readings compared to the period before 2007 where the up tick rule was in effect.

Similarly extreme tick readings seem to be less frequent before the decimalization.

All this makes perfect sense.

Thanks, Bob and Pricewatcher. Vic, what do you infer about current market from comparison of the current chart with 2006 and earlier this year?