Proof TWS tick is broken for weeks and useless, misleading

SoesWasBetter said:
tick is one of the earliest market indicators
extreme readings are used to detect program trading or strong current trends

for this to be totally broken for weeks on the platform of a billion dollar company is an indication of something unholy.
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And for a company which has such a high profile on ET, that is comments and complaints and from what I can gather is not a sponsor on ET, that basically says it all. Their customer service is crap.
I dumped IB long ago and hell can freeze over before I ever go near them again.
 
themickey said:
And for a company which has such a high profile on ET, that is comments and complaints and from what I can gather is not a sponsor on ET, that basically says it all. Their customer service is crap.
I dumped IB long ago and hell can freeze over before I ever go near them again.
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So who do you use?
 
JackRab said:
So who do you use?
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Had to give up on my ideas for futures automation. Where I am (Australia) IB are the only choice as far as I'm aware for this sort thing. But IB just about drove me insane to the point I had to throw away my automation ideas.
So I went back to my roots which is EOD stock trading.
Currenty using ING which is a bare bones trading platform via Commsec (does the job) but gonna shift outta there soon hopefully. It gets a bit complicated as I'm going into a SMSF (self managed super fund)
All my winnings are tax free which helps.
Just as an aside, I'm running a journal on ET, but just for today my acc#2 made over $6k, acc#3 over $16k
 
SoesWasBetter said:
I know I'm talking to myself, but can u explain how a KEY indicator can be broken for weeks?
What else is broken?
Maybe thats why you're losing every day
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Are you noticing lag on the system?

I was trying to log in on Eikon and IB wouldn't link up. Strange.
 
Agree with the comments on using a broker for data (don't do it without having a separate primary source)

Surely $TICK is a market breadth indicator is historical dinosaur that should be in a museum and not on a trading screen.

Only 2/3 of NYSE securities are equities - the rest are a combination of debt securities, hybrid debt/equity, preferreds etc.

Heck, $TICK probably includes NYSE Arca and NYSE American now for all we know.

This is a relic that needs to be buried and move onto indicators where we actually know the way they are calculated.
 
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SoesWasBetter said:
I know I'm talking to myself, but can u explain how a KEY indicator can be broken for weeks?
What else is broken?
Maybe thats why you're losing every day
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It seems IB is not for you and all you do is complain about their platform. So, why do not you move your account to different broker and be happy?;)
 
IB is well known to be shit for market data. It's either you live with it, or you use a real market data vendor. I'm with IB for trading (order and account management), but with IQFeed for the market data.
 
JackRab said:
Don't know much about the Tick Indices.. but don't they show the number of stocks ticking up vs ticking down?

So technically, if the up ticks are bigger than the down ticks... it's possible for the market to trend up, but the Tick Index to drop...?

So 100 tick up and 120 tick down, but the market weight is with the upticks so Tick Index is -20 and SPX goes up....

Well I don't know... I never look at this stuff.... I'll put up the Tick-ASX index for Australia...
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Your interpretation is right on, Jack, and coupled with TRIN, gives a fine view into (instantaneous) market breadth -- and concomitant future turns/direction.

It's both sad and hilarious, that because TICK and TRIN were among the first "technical indicators" that they get ignored and even berated as antiques, compared to the latest wonder-butt Itchy Mo'Curd Clouds* that capture 'retail' attention so much -- including now on IB, which used to be free of most such noise.




(*I had a pizza once, with I think some bad anchovies, which gave me Itchy Mo'Curd Clouds -- not something I would want to get near the trading computer...)
 
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