2009

The Tick & Trin....

The Time & Sales...

Owner
Day Trading Templates & Training
8/10/2009
The TICK
Page | 2

The Ticks compares the number of up-ticking (price

increasing) and down-ticking (price decreasing) stocks
on the NYSE (New York Stock Exchange), and
calculates a ratio showing whether there are more
up-ticking or down-ticking stocks.

This Tool takes a snap shot of the market breath.

When the TICK line reaches extremes, this usually
gives us the first alert that a possible change in
market direction may occur.

When it hits 1000 + or – this is usually a market top or

bottom! It’s great during panics. If the market is
strong you want to buy when the tick pulls back and
vice versa! Buy dips or sell rallies.

Example…let's say the TICK just went higher than the

last TICK it made.... Look to see if the Price candle also
managed to trade higher than its last print.
When price reaches key levels, an early indicator to
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what will happen next is to focus on the TICK and
Price to see if they diverge or stay in sync.

If Price is constantly nibbling the LOD (low of day

support area) but the TICK is climbing higher and
reaching a prior peak, guess what will happen to
price when the TICK hooks back down and starts to
fall to prior level? Price will break support and fall.

The opposite also happens if Price is at a high level

area nibbling to make a new high and TICK is way on
the bottom at (say -400). As soon as TICK hooks back
up and begins to trade near prior area high points,
say +700, then price will make a new high.

TICK levels are not that important for this, what to

look for is the mean and support areas.

Another way the TICK can be used is trading at

extremes of +/- 1000 suggesting a peak where “fear”
occurs and the market reverses. This is more risky and
this indicator must not be traded alone.
The TRIN
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A short-term technical analysis breadth indicator

calculated as the following:
TRIN = _(Advancing Issues/Declining Issues)_
(Volume of Advancing Issues/
Volume of Declining Issues)

TRIN stands for Trader's Index, also known as the ARMS

index.

• Measures overbought and oversold conditions.

• There is an inverse relationship to the market
• Falling TRIN is bullish, while a Rising TRIN is bearish.
• In general, readings above 1 are bearish and
readings below 1 are bullish.
• This tool is important for determining direction
movement.
Bringing The Indicators Together
Page | 5

• Always measure the Change these two indictors

make in relationship to each other.

• Measure them in comparison to time frame. For

instance, is the TRIN and AD line becoming more or
less bullish from 3 min. ago, 5 min. ago, 10 min.
ago, etc…

• Whole numbers with the Sentiment Indicators only

matter at extreme conditions, for instance:
• TICK line greater than +1,000
• TICK line less than -1,000
• TRIN greater than 3
• TRIN less than .2

We look at the numbers on a relative basis, not as

whole numbers.
• Example: TICK line of 0 is neutral and TRIN of 1 is
neutral. However, if 10 min. ago the TICK line was
+700 and the TRIN was .5 then reading the TICK=0
and the TRIN=1 would be considered very bearish.
Reading The TRIN
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• A TRIN reading under 1 is considered bullish.

• However, that reading is reflecting buying and

selling that has just recently occurred .

• If a TRIN has risen from .2 to 1 that tells us the

market's bullish sentiment is decreasing.

• This could be a warning that buying has subsided.

• Whenever watching TRIN, the directional move in

comparison to a previous time frame is most
important, not the whole number.
Indicator Box
Page | 7

• These indicators are found in the lower left of the

training videos and can be installed opening a
second data feed account at www.barchart.com.

• The feed is fed directly into Sierra Charts.

• There is a video explaining how the set up process

works.
 Page | 8
Diverging Sentiment Indicators

• If the price of the market is making new highs or

lows and the sentiment indicators are not, the
chart is said to be diverging.

• Divergence or moving in the same direction is often

a reversal signal. Be aware of Divergence.

• It is interpreted that the move in price is not being

supported by the “greater mood” of the broader
market.
 Page | 9
TICK and TRIN Diverging Each Other

• If the indicators are moving in opposite directions,

one rising and one falling, they are congruent. If
both are rising or falling they are diverging.

• This means the market price is not being supported

by an equal increase in volume.

• The TRIN is the Advance Decline line with the factor

of volume.

• If the TICK is increasing but the TRIN is becoming

more strong (move from -.3 to 1.0), it is suggested
that the increase in price movement is being
executed on lighter volume.

• This is a sign of a 2 sided market. We call this a

range bound day, one that will trade up and down
without putting in a new highs or lows.

Learn Everything, Buy The Course Now! What Are You Waiting For?
Understanding Bid Ask Volume or Time & Sales
Page | 10

The Bid Ask Volume Chart provides the following

information:
– The time of transactions
– The number of contracts traded
– The volume of BID and ASK contracts
 Page | 11

• Look at Bid Ask Volume to see the last quantity of

contracts traded:
• Does the Bid Ask Volume confirm the DOM?
• The Bid Ask Volume bar chart will fluctuate up and
down.
• The graph is a good representation of who has
larger volume, Buyers or Seller.
 Page | 12

• Our purpose of Bid Ask Volume is to follow larger

Commercial Paper transactions.
• When approaching a major S/R inflection point,
watch to see where the Bid Ask Volume graph
moves.
• The larger Commercial Paper traders are the ones
who influence the market.
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Understanding Bid Ask Volume or Time & Sales
Page | 16

• This information just shared is found under the

price action chart (144 Tick Chart).
• The bar graphical data is displayed on the Price
Action chart with candle sticks.
• Green candles confirm the closing price was higher
than the open price and buyers are present.
• Red candles confirm the closing price is lower than
the open price and sellers are present.
Discover What Your Missing Page | 17

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Page | 18
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Page | 19
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