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Tick Count Trend

$TICK Count Trend is an indicator based trading system for the stock index futures that uses the NYSE TICK symbol to help determine the trend. This indicator keeps track of the the number of NYSE TICKS above the Bull Threshold, the number of NYSE TICKS below the Bear Threshold, and the number of neutral TICKS in between the bull and bear threshold during the day on 1 minute charts. Looking at the TICK Count Trend Indicator can be used to help determine the trend of the stock market. This can be used with stock index futures day trading.

See the video below for our explanation and a demonstration of our TICK Count Trend Trading system and indicator. Below the video, we show results for the E-mini S&P, E-mini Dow, and E-mini Russell. This strategy also works well on the SPY ETF.

How does it work in a trading system?

Short signals are taken when the Bearish Count is leading the Bullish Count and the Neutral Count. Long signals are taken when the Bullish Count is leading the Bearish Count and the Neutral Count.

Trading Eight Different Stock Index Markets

The video below shows how we trade this on the E-mini S&P, E-mini Russell, E-mini Dow, E-mini Nasdaq, E-mini Midcap, DAX, Euro Stoxx, and Nikkei futures.  The video is from February 3, 2014.

Tradestation and MultiCharts Input List and Settings

 

 

Tradestation Performance Summary, E-mini S&P
1/1/2005 - 2/04/2014
No slippage or commission
Price does NOT exceed limit for fills
$200 profit target, $300 stop loss
Tick Count Trend E-mini S&P Trading System

Tradestation Performance Summary, E-mini Dow
1/1/2005 - 2/04/2014
No slippage or commission
Price does NOT exceed limit for fills
$200 profit target, $300 stop loss
Tick Count Trend E-mini Dow

Tradestation Performance Summary, E-mini Russell
1/1/2005 - 2/04/2014
No slippage or commission
Price does NOT exceed limit for fills
$400 profit target, $400 stop loss

Tradestation Performance Summary, E-mini Mid Cap
1/1/2005 - 2/04/2014
No slippage or commission
Price does NOT exceed limit for fills
$400 profit target, $400 stop loss

 

Tradestation Performance Summary, E-mini Nasdaq
1/1/2005 - 2/04/2014
No slippage or commission
Price does NOT exceed limit for fills
$300 profit target, $300 stop loss

 

What is the NYSE $TICK symbol?

The $TICK symbol is listed on the New York Stock Exchange (NYSE) and keeps track of all the stocks on the NYSE on a tick by tick basis, tracking how many stocks are in an uptick, how many are in a down tick, and how many are in a side tick. The $TICK symbol is the difference in the number of stocks in an uptick and those in a downtick. There are approximately 3700 stocks on the NYSE. For example, if there are 2500 stocks in an uptick and 1200 in a downtick, then the $TICK symbol will be +1300. This number can be a + or – number. Another example, is if 2500 stocks are in a downtick and 1200 stocks are in an uptick, the $TICK symbol will be -1300.

The $TICK symbol usually has readings between +1200 and -1200. This symbol only represents the NYSE stocks and not the entire universe of all stocks but can be a good indicator of the short term direction of the stock market and can be useful when trading stock index futures.

How the NYSE TICK is different on different trading platforms and from different data providers?

In June 2012, we have found that the TICK symbol is different in different trading platforms.  We have focused on just one platform and data provider for many years but as we look at different platforms we have learned more about how the NYSE Tick is calculated. Each quote provider calculates the NYSE Tick. It does not come from the New York Stock Exchange. Different quote providers use a slightly different list of NYSE stocks to make the calculation and the update interval can be slightly different as well.

Trading systems results between different platforms can vary because of this and for our Tick Count Trend trading system, we use different bull and bear threshold values.  In our NinjaTrader platform using Kinetick data, the symbol is ^TICK and the bull and bear threshold are +/-100 while in Tradestation the symbol is $TICK and the thresholds are +/- 200.  These are the thresholds that match the best between platforms going back one year from June 2012.

The video below shows real time analysis and an explanation between different platforms for the NYSE Tick.