Does anyone uses $TICK to scalp ES?

Yes.....I have been using it for several years.....it can at times help confirm or deny a signal from other tools I use. It is great for "snap back" trades on strong trend days for scalping.


BTW, your chart example looks really good.....great demonstration of the concept! :)

Also, some good benchmarks for the NYSE TICK is +800 and -700.
 
Is a great tool for exiting positions. If long and the tick goes +1000 I always liquidate a portion of my position. Same thing if I want to enter from the long side. I like to wait for the tick to go -500 to -1000 to get long into. Definetly a great tool for entry/exits.
 
Quote from Lorenzo:

$TICK seems to anticipate price action

Just curious if someone uses it to scalp the mini ES
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Lorenzo,

I used the TICK....many years ago....worked good....but you need to be careful when using it for the ES. The problem is....the TICK is based on the NYSE....not the S&P 500....which the ES is based on. Thousands of stocks on the NYSE.

Attached is a chart....with the TICK....TRIN....etc. The values on the chart may differ from what others may think....but this worked for me. For instance....the TICK can often go to +/- 1200....while my chart shows much less. The reason for this....is I wanted make sure I watched the TICK carefully....anytime it was above the values I show. At some point it will turn....and many times it will turn near the values you see on my chart. Sometimes....when it goes above or below those values....while it may indicate a strong Trend....this can also indicate an exhaustion move....and can change direction very fast.

I haven't used the TICK for several years now....don't need it the way I trade.

You might want to look at a thread I started....Scalping....My Way With ACV. Watch the TICK and ACV....see if they go together.

Good trading to you.

VSTscalper
 

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