The NYSE Tick Index And Candlesticks Ebook.
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 stocks trading on an uptick minus the number of stocks trading on a downtick. Extreme tick readings of greater than +600 may indicate temporary exhaustion of buying power, while negative tick readings in the territory of 800 or more can point to a selling climax. I use these readings throughout the day as an indicator for buy and sell decisions, as well as for recognizing the continuation of the prevailing trend
Profxindicators recommendation is using indicators and EAs with knowledge and experience, then nobody can reverse you. Our main goal is to create expert forex traders and Expert forex traders use their own knowledge, experience with other indicators and resources.
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- BUY SIGNAL
- DARK CLOUD COVER
- DAILY S&P 500 CANDLESTICK CHART
- HARAMI AND A HAMMER
The books consist of popular and highly profitable trading methodologies used by our most advanced forex traders. You can study them, test them on a demo account first then you can try on a real account.
#credits: by Tim Ord