Their $tick is even more inscrutable than usual. pivots around 10,000 , every day? wtf
Nice site though for other things.
Proof TWS tick is broken for weeks and useless, misleading
- Thread starter SoesWasBetter
- Start date
Their $tick is even more inscrutable than usual. pivots around 10,000 , every day? wtf
Nice site though for other things.
They do have another symbol for charting the $TICK in conventional manner - $TICX
https://www.barchart.com/stocks/quotes/$TICX/interactive-chart
It is also available via their onDemand API (requires data subscription)
I compared the values of "NYSE-TICK" on TWS with "$TICK" on ThinkOrSwim. They track each other quite closely, though the values seem to be about 30-50 apart all the time. Based on eyeballing the values for a few minutes, ToS appears to be updating every 2-3 seconds. TWS appears to be updating about every second.
The $tick values on bachart.com appear to track right in there with ToS and TWS.
Clearly none of these sources are providing $tick in real time. If you think about it this makes sense since $tick is the number of up-ticks and down-ticks for about 10,000 stocks on NYSE. To provide real time $tick would require the same type of data service as any tick data provider such as IQFeed.
ToS, TWS and barchart are all providing sampled snapshots of $tick from some common high speed source. As a result $tick will be a very noisy on any platform and not particularly useful except for a general market sentiment reading.
The $tick values on bachart.com appear to track right in there with ToS and TWS.
Clearly none of these sources are providing $tick in real time. If you think about it this makes sense since $tick is the number of up-ticks and down-ticks for about 10,000 stocks on NYSE. To provide real time $tick would require the same type of data service as any tick data provider such as IQFeed.
ToS, TWS and barchart are all providing sampled snapshots of $tick from some common high speed source. As a result $tick will be a very noisy on any platform and not particularly useful except for a general market sentiment reading.
Well, no need to be gross. My point was that a fast-changing value can only be represented imperfectly on a normal retail platform. This was demonstrated by examining 3 platforms.
If you're saying $tick isn't particularly useful, I must agree.
If you're saying $tick isn't particularly useful, I must agree.
There will be minor differences among providers. I don't know about TOS, but I have compared it with eSignal and Barchart. TWS is not even remotely resembling the other sources. The situation is worse when the breadth is lop sided. If you can post a comparative chart (TOS & TWS), it will be useful. My understanding is that $TICK is computed from about 3000 NYSE listed stocks.
Here is Barchart for Sep 1
Here is TWS
On Sep 1, $TICK never prints positive after about 11 EST. There is some kind of error in calculation that seems to be cumulative through the session. Does TOS $TICK look like this?
Whether it is useful or not depends on the trader and the way it is used. It is/was key part of my tool set used in VST trades. I have put trading index futures on hold and focusing on other products for now, till I get settled on a new data source.
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stevegee58's observation is TOATALLY wrong and fabricated. Another loser.
The diff has been running as much as 500 points between tws and tos
Sadly some people only acknowledge opinions and observations that are in line with what they already believe.
stevegee58, now on ignore. I rarely do that , but in extreme cases, I have little choice