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Interesting - I scale out, not in. It suits my personality more. Once I'm at target 1 it's a free ride, so even if it comes right back, I'm stress free.
I have heard proponents of both methods saying it's the only way. I just use what suits me.
Can you help answer these questions from other members on NexusFi?
Yes, the small arrows are auto-generated. The large just point to the colors changes of the oscillator after an overbought condition had been detected, so I could have generated the same arrows with the other indicator as well. The other indicator does not use volatility but relies on momentum.
Anyone here know if OEC offers this data (NYSE TICK data)? A brief chat with them before they closed informed me that $TICK is the symbol, but I'm not getting anything. I wonder if a separate feed might be needed...
Just before the mkt closed I put "$TICK" into TOS and got the attached (5 min intra-day). Might one of you be able to compare this to your data to see if it's an accurate depiction of the NYSE cumulative tick?
I emailed TOS earlier in the day and got this response:
Thank you for your email. NYSE Cumulative Tick data is not something we provide at this time, sorry for any inconvenience.
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After finding the attached, I of course replied, but I've heard that TOS data is not exactly desirable. Not sure why exactly, but I'm curious if this NYSE tick data is dependable. Thanks.
EDIT / ADD: I heard back from a TOS, a different person, with this:
"On the Think or Swim, $TICK is indeed the NYSE cumulative tick data. We do not alter it in any way."