Support Board
Support Board
Search Board
Control Panel
View My Posts / Threads
Direct MessagesDate/Time: Sun, 19 May 2024 08:29:29 +0000
Post From: NYSE-TICK calculation question
| [2020-05-06 01:04:24] |
| User530916 - Posts: 6 |
|
From here: sierrachart.com/SupportBoard.php?ThreadID=42211 Effective April 25, 2019 we made a change with market statistics calculations where when the best bid/ask prices, both go beyond the last trade price, then that is counted as a trade with no volume which then contributes towards the calculations like the TICK. Only when there is a further change in either of those prices and they are beyond the last trade price, will then that also be counted as a trade.
If so, I truly think you should rethink that. The TICK is a momentum gauge. Momentum is driven by trades at bid and trades at ask. Momentum is not driven by the adjustment of bid/ask. That is a result of momentum or a result of a lack thereof. To gauge momentum, your calculation is taking into account the changing of bid/ask without any trading having taken place. That's not going to be generate an accurate picture that your traders are wanting to see. Can another TICK be released that does not count the change of bid/ask as a trade? What are your thoughts? Date Time Of Last Edit: 2020-05-06 01:04:50
|