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Dear Jan & Group,
Here's what I am talking about, with observations made with TS6:
Chart: 1-tick chart of ESZ2.
Indicator: Plot1(UpTicks,"UpTicks");
Plot2(-DownTicks,"DownTicks");
What I see:
1. The minimal, base level of UpTicks is 1.
2. The maximal, base level of DownTicks is -1.
3. The amplitude of UpTicks is varied, occasionally as high as 50 or so (ie, on
one change in price).
4. The amplitude of -DownTicks matches that of UpTicks, tick for tick, altho in
the negative direction (ie, mirror image).
What I would expect if a TS UpTick = a true UpTick: UpTicks would go from 0 to 1
every time the price went up one or more ticks, and UpTicks = 0 every time the
price stayed the same (ie, no change tick) or went down one of more ticks (ie, a
down tick); and the analogous observations if a TS DownTick = a true DownTick
(ie, DownTicks would go from 0 to 1 if and only if the price went down one or
more ticks).
What I conclude: TS UpTicks and DownTicks are not what I have come to believe
are called true UpTicks and DownTicks according to language usage in the futures
industry.
Sincerely,
Richard
JHP wrote:
> Richard,
>
> This is not what I see with TS6. All values shown by
> - the total of "Up" and "Down" in data window (Up or Down
> number changes only on increase or decrease in price),
> - my indicator summing up upticks + downticks,
> - "Trades" in Quote window,
> - "Trade" in Times & Sales" window,
> - counting manually the number of tickbars,
> agree to indicate that only changed prices are included.
> providing that when formatting the symbol, the volume is
> set to "Tick count".
>
> Jan Philipp
>
> ----- Original Message -----
> From: "TaoOfDow" <TaoOfDow@xxxxxxxxxxxxxx>
> To: "AceTrader" <tradersh@xxxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Saturday, October 05, 2002 5:58 AM
> Subject: Re: Missing upticks etc.
>
> > Dear Ace,
> >
> > TS uses its own definition re UpTicks & DownTicks. To me, a "true" UpTick
> is
> > a tick whose value is higher than the immediately preceding tick, and
> > analogous for a DownTick. TS, however, defines an UpTick as not only that
> but
> > also includes each successive tick whose value is equal to the previous
> tick
> > --- in other words, TS UpTicks = true UpTicks + unchanged Ticks (until the
> > next DownTick).
> >
> > I know of no way to "correct" the TS definition (ie, get TS to count only
> > "true" UpTicks & DownTicks) using solely the TS program, and believe me,
> I've
> > tried to find a way for it do so (such is possible, to my knowledge, only
> by
> > using a user-supplied DLL).
> >
> > This may account, in whole or in part, for the discrepancies between what
> you
> > see with TS and other programs.
> >
> > Sincerely,
> >
> > Richard
> >
> >
> > AceTrader wrote:
> >
> > > I have just subscribe to eSingal GTIS Forex and e-minis real time
> > > feeds and using TS2K Prosuite for trading. When I confirm the upticks
> > > and downticks volume of 60min bars I see an obvious different compare
> > > with what I saw in eSignal advance chart software. With other
> > > monitoring software, I also don't see any hardware or Internet
> bottleneck.
> > >
> > > Anyone experience this before and know the reasons or have any
> > > solutions?
> > >
> > >
> > >
> > > --
> > > Best regards,
> > > AceTrader mailto:tradersh@xxxxxxxxxxxx
> >
> >
> >
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