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I think it would be easy enough to code, but yeah, I do have to question its usefulness. If you look at the tick data on a daily chart, you'll notice that Tick does not trend, so even at the minute level, that data would be nearly 55-59 seconds stale and wouldnt give you the edge in trading you need. Tick is really a scalpers tool, but can be used to jump into a trend and be able to set your stoploss +2 ticks right away, so even when you're wrong on the trend you don't loose. But on a minute basis that edge is taken away.
My next tool is going to be something like BetterTick but for the 3 major indexs, ^DJIA, ^SP500 and ^COMP, but I need to figure out how to increase the importance of lower denominators.
Please post the link to the download, and I'll send out notifications. When updating downloads, edit the description please and just put 'changelog' at bottom along with a date, so when people get the notifications they can check to see if they want to update or not.
It shouldnt matter what instrument you choose for the chart, since you're just going to hide the data, but I'd recommend ^TICKQ as your "chart" instrument since it has 2 decimal places. I would not however try to add more instruments into the chart via the Data Series panel, I have no idea what that would do, in fact it could explain why you got a flat line.
The default instruments for TICKQ, TICK and TICKDJ are added via the Parmaters indicator interface, the defaults are perfect for the purpose. I also added two more rows in case you have access to Russell Tick data (I don't so I didn't)
Basically is a scale setting, its used by taking the Log10 result and multiplying it by the weight. The more weight you give to a given instrument, the more its tick affects the average result.
btw, my default settings are by no means scientific, they are just what seemed to produce good tradeable results, but if anyone can find a better combo I'd be more then happy to try the settings out and perhaps change the defaults. from my observation the markets seem to respond more to the TICK and TICKDJ and less from the TICKQ, but still the TICKQ does have a "mood" effect, so that's why its included, almost like a smoother.