Hi abishiai,
I do share some wisdom...hopefully you can find something useful or a seed from among one of my previous posts...
http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=125909
Yet...to answer your question...what's plotted are Bollinger Bands (Average High, Low and Close), 20sMA (thin red line) to represent the middle band, 50eMA (thick red line), 200eMA (thick black line) and the MACD stuff is default stuff.
I look for tick reading surges that produce bearish or bullish divergence between the TICK numbers and the MACD histogram or MACD signal lines.
Therefore...I don't need +1000 readings exclusively...however its nicer of a trade setup if such do occur mainly because I'm a Parabolic Trend Trader looking for exhaustion or reversal signals.
(I also use continuation trade signals...but not often...its here where the basic price pattern recognition stuff comes into play)
Yet...I do need the TICK to test its BBand extremes (high or low) before I will consider any trade...
the statement above is what determines (its relationship) if I take a trade in the ES or NQ based on the candlestick patterns in the Eminis.
In other words...I usually stay away from the chop or tight-trading ranges when the TICK readings are bouncing up-n-down near/at its 50eMA...especially when the Eminis are doing the same. Candlestick patterns have less reliability in the chop areas.
I also use basic price patterns on the TICK like triangles, flags, pennants, wedges, rectangles...breakouts or breakdowns thru the resistance and support areas of those basic price patterns.
No rocket science stuff for the above.
However...I have other complicated price pattern setups for trading days like today...but I don't discuss them here...if I did...I'll be posting all week...non-stop...answers producing more questions...
time consuming
Best to just plant a seed and a trader can do what he/she wants with it.
NihabaAshi