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Direct MessagesDate/Time: Mon, 29 Apr 2024 08:39:58 +0000
[Locked] - Sierra chart NYSE-TICK vs $TICK in TradeStation
View Count: 6227
| [2015-05-06 10:59:53] |
| User520037 - Posts: 6 |
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Hello SCH, first thank you amazing platform, market stats etc, for very good price, I would not change Sierra, great platform. There is ONE thing though, which keeps me unhappy and that is your NYSE-TICK. I checked some threads, there has been complaints, you still think the calculation is correct etc and it really could be, but I think there could be improvement. If you look at DTN, eSignal, etc I think your TICK is better. They are too erratic. But if you look at TradeStation TICK it is completely different level. Their TICK is much easier to read, it is more precise, after hundreds of days comparing these two TICKs, reading $TICK in TradeStation provides better edge. Example is yesterday, when we had directional day in indices. Look at chart I attached. While SCH TICK is only around -600 all morning and we often pop above zero line, TS TICK is showing much more momentum early on and it provides heads up we run into more bearish day. And even worse than -600 vs -1000 is that SCH TICK spends much more time below 0 line, sometimes showing momentum to upside, where there isn't any and we continue selling. I beg you to look into this. Try to improve your TICK, being inspired from TS, cause it provides better edge and this observation is not based on 1 day. But year and more. A lot of time they are same or very similar, but when market is directional, when volatility goes up, there are differences and those are the times we, traders, need it most. Thank you, Petr. |
 upperSCH_lowerTS.PNG / V - Attached On 2015-05-06 10:59:31 UTC - Size: 185.06 KB - 1130 views |
| [2015-05-07 06:31:47] |
| drywater0 - Posts: 85 |
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SC Support, I completely agree with Petr, and have an identical experience. I love Sierra Chart but need to constantly reference NYSE TICK and NYSE AD statistics in TradeStation. I realize you take great pride in your calculation methodology, but I urge you to reconsider for the financial health of your clients. I've had numerous occasions where relying exclusively on SC data for these market statistics has been costly for my trading account. Although they are still on my charts, I ignore them in favor of TradeStation because they have provided negative edge in my decision making. I realize you have a full work slate with many important projects but this really does affect many traders using these stats. I have the utmost respect for the SC platform and all that you do to support us, but these stats really are misleading. I and many others would be most thankful if you can re-examine. |
| [2015-05-11 01:00:18] |
| User52989 - Posts: 42 |
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+1 Agree completely, have to have TOS running during mkt hours because Sierra's $TICK is so far off from reality, which is unfortunate because it's such a great modular platform.
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| [2015-05-11 03:00:35] |
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We do not know how we can help with this. The calculations are being done properly. We cannot make them any better because they are already being done properly. If there is a problem with the underlying stock data feed, it is not obvious to us what that would be. One thing we can do is reset the calculation for the TICK at the start of the open at 9:30 Eastern time, rather than midnight. We will look at this again. Most likely this will give a result similar to Trade Station at the open at 9:30 a.m. But we cannot guarantee that. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2015-05-11 03:30:10
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| [2015-05-15 03:17:51] |
| User31050 - Posts: 3 |
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Could this have to do with thinly traded stocks? My understanding is that you include all stocks that have traded for the day, even if it was just one trade an hour earlier. I have no idea how other data providers perform the calculation, is it possible some filtering is applied? For example, only including stocks that traded in the past minute or so.
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| [2015-05-15 17:23:07] |
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It could. We have considered this possibility. We will have to experiment to see how this makes a difference by ignoring thinly traded stocks.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2015-05-15 19:54:02] |
| User31050 - Posts: 3 |
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That would be great, I really think (hope) it will take us in the right direction since TICK is meant to be an "instantaneous" measure of momentum. Please let us know how we can help you test any alternative calculations. Thanks! |
| [2015-05-15 20:13:15] |
| User59042 - Posts: 22 |
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Good to hear, you guys try to experiment with something, but no matter the result, current TICK is still fairly good one. So if it can get closer to TS $TICK only good, if it can't it is ok, just don't make it too erratic like those from other providers. Thanks
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| [2015-05-29 16:20:11] |
| conr - Posts: 204 |
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Today's low TICK on TOS and Sierra feed.
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Attachment Deleted. Screenshot - 5_29_2015 , 9_53_18 AM.png / V - Attached On 2015-05-29 16:16:50 UTC - Size: 56.03 KB - 798 views |
| [2015-06-02 17:33:14] |
| WarriorTrader - Posts: 245 |
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Hello, You guys may want to try using the TPO Value Area Lines on the NYSE-TICK instead of fixed numbers. The value area high and low self adjusts to market volatility so extremes are easier to spot. I've used this for over a year now and it provides a better perspective. --WT |
| TICK_value.png / V - Attached On 2015-06-02 17:32:08 UTC - Size: 43.31 KB - 924 views |
| [2015-08-07 07:33:57] |
| User520037 - Posts: 6 |
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SCH team, are there any updates on NYSE-TICK development? You said you have to experiment with ignoring thinly stocks. There are still significant distinctions especially on bearish days like yesterday in ESM5 contract. We see higher values above 0 than below 0, while there is much more pressure from sellers than buyers, seen via price action and other providers of TICK showing -600/-700 values while in Sierra chart, TICK does not reach even -600. It is longterm issue with SCH TICK and it has biggest impact when markets are bearish, it is tough to recognize it due lack of momentum on TICK. Traders who rely their view on TICK are often misled. Thanks for your effort in dealing with this. |
| [2015-08-07 08:05:09] |
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You said you have to experiment with ignoring thinly stocks. This is actually a mistake. This would make the TICK have a more narrow range if some stocks were removed from it.There is a new TICK market statistics symbol available. It is TICKBA-NYSE. For information about this, refer to the Market Statistics documentation. This thread is now locked. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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