Thread: TickInsider Indior

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Originally Posted by ;

Generally, volatile price action comes it two forms: Liquid, and Illiquid. Volatile liquid price action usually has a low spread, a fast tick rate, and a relatively large tick size though not too large, the actual movement in price is made up by the high tick rate from the multiple participants. Volatile and illiquid price action usually has a high spread, a lower tick rate, and a very large tick size. By multiplying tick rate by tick size you will lose the ability to discern whether the market is liquid (high tick rate * large tick size)...

------------------------------------------- i see your point i tryed by putting only tick rate (duration ) ticks spread (variation of bid side ) on the chart and i see often that when tick rate go up a lot just after tick spread decrease a lot then market move a lot in pips.... i cannot sort out the exact rules because the indior are not synchronised will try to put a pic asap see you

Generally, volatile price action comes it two forms: Liquid, and Illiquid. Volatile liquid price action usually has a low spread, a fast tick rate, and a relatively large tick size though not too large, the actual movement in price is made up by the high tick rate from the multiple participants. Volatile and illiquid price action usually has a high spread, a lower tick rate, and a very large tick size. By multiplying tick rate by tick size you will lose the ability to discern whether the market is liquid (high tick rate * large tick size) or illiquid (low tick rate * even larger tick size) as the product will be similarly large relative to normal trading. Likewise for trying to factor in the spread. When the output is just a single number, there are different ways in which that number could have been reached. Essentially you are just condensing the data into a considerable less meaningful single number. In my opinion you would be better off just have the three moving average values just printed on your main trading screen, it gives you more information. However the problem with that (and condensing the data into a single number displayed in a histogram) is that it is visual. It is something you have to look at. If you scalp and trade a fast paced egy, you will be wanting to focus on price action itself when you have exposure and not other derivatives like this. This is why I prefer to get this data from another sensory input: Sound. With sound you can get all the info you need about tick rate, tick size, and tick direction, whilst watching price action.

Originally Posted by ;

im not a coder, but i do really like your idea! i think it could be a great indior for scalper

-------------------- thing issue is there is a lot of code request in platform tech .......

im not a coder, but i do really like your idea! i think it could be a great indior for scalper

こんにちはfrdsは親切にアイデア/コーディングを検討することを親切に検討できます...
thanks in advance

display data on histogram formatshape bar gt; zero line all based on ticks data and apply a formula to those data */duration of each ticks in seconds */variation of the bid side of the currency from 1 tick to the other */spread of currency on each tick (the problem now is i need my special formula and the 3 indiors are not synchronised toghether so hard to SEE whats going on .....) 1/duration in time (seconds) that each tick last. ( this data is always positive 0 to x ) tick = 1.49 seconds format we use x.xx 2/Variation of the bid side from one tick to the other . ( this data can be - ) data is positive if bid of tick 2 gt; bid of tick 1 bid tick 1 1.291000 bid tick 2 1.291110 bid 0.000110pips format we use 1.10 bid can go up or down on each tick s0 this data can be - 1.10 (on the pic here under it doesnt display by or - data display only variation) 3/spread simple spread of the currency during that tick 0.000060 format we use 0.60 same pic as above but see on right hand side in the white box very standard stuff. formula simple idea is mix all this first i take time data * by the change in bid (both very important ) 1/you can see on chart some jump in time = compression/distribution 2/jump variation in bid sign of bid or - = aggressive bid or offer 3/spread of product to balance power of 1 2 so idea of formula if ( 1 * 2 ) gt;0 then [ (1*2) - 3 ] so ( 1.49 * 1.10 ) - 0.60 = 1.039 1.639 - 0.60 = 1.039 (green bar ) or if bid went down if (1*2)lt; 0 then [ (1*2) 3] ( 1.49 * - 1.10 ) 0.60 = - 1.039 (red bar) this is tick by tick output histogram with red or green bar and need alert level gt; x or lt; y on this histogram data output this is tick by tick ! need another one just doing the sum of those data bar to match the time frame we have on the chart example 1 minute chart will display 1 minute histogram based on above ticks formula if 1 minute = 12 ticks ( changing all time depending on duration of ticks ...) ( 1 tick green 0.45 ) ( 2 tick red -0.20 ).... = total will make a bar of x color x power that match the time frame of the chart ..... --------------------------------------------------------- thanks to comment improve idea ....! ----------------------------------------------------------
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really think there is some value inside that idea pls comment ... regards