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I've been using Ticki for several years now and find it an invaluable tool
for daytrading the indexes especially when combined with Premium and to a
lesser extent Tick. It's especially useful for trade management although it
can also be involved in trade setups. Outlining all of the details on how
to use it is beyond this email, but paying attention to extreme readings
(+/- 22 or higher/lower) at S/R levels would prove a useful endeavor. And
sometimes a reading of +/- 28 can occur at interesting times especially if
Premium/Tick are saying the same thing. However, is you use Fibs or some
other form of calculated S/R numbers then I doubt you'll find much use for
Ticki. It works best with the market's S/R numbers. I also don't believe
it would work very well if used for indications of the market being
overbought/oversold, if there is such a thing.
I'm not a systems person, but with what I know about Ticki I'm not sure how
it could be used in any mechanical way. Plus the quality/frequency of the
data varies widely between data vendors. It's an acquired taste for sure,
and the only certainty about it that I know of, besides it always trades
between +/- 30, is that it will take time to learn how to use it. But it's
a very valuable tool if you do invest the time.
Bob
----- Original Message -----
From: "Bill Wynne" <tradewynne@xxxxxxxxxxx>
To: <softexcl@xxxxxxx>; <mr_bond@xxxxxxxxx>; <ebonugli@xxxxxxxx>;
<omega-list@xxxxxxxxxx>
Cc: <rfurse@xxxxxxxxxxxx>
Sent: Thursday, February 21, 2002 4:44 PM
Subject: RE: OddBall as a market timing tool
> Wes:
>
> You said (sorry about the snips):
>
> "but do this: Run an RSI against it and use that as your indicator rather
> than the TIKI per se (you won't read that in the books).... "
>
> so I ran an RSI of the ticki and tested it (it sucked):
>
> >{S&P data1, TICKI data2}
> >
> >Inputs: RL(14);
> >If rsi(Close Data2, RL) > rsi(Close[1] Data2, RL) Then Buy;
> >If rsi(Close Data2, RL) < rsi(Close[1] Data2, RL) Then Sell;
>
> so, you said: "were you using 1-minute bars on the TIKI or something else?
> Program trading only lasts for a short while....."
>
> So I ran it on a 1 minute chart (it traded WAY too much (2100+
> signals in 11 days)). I'm sure you can filter that, but why bother?
> 200 changes in trend per day...it'd drive you crazy.
>
> Just so there is no confusion about what *I'm* saying: my work shows the
> Ticki, and the RSI of the Ticki (1 minute or otherwise), are NOT(!) good
for
> your trading health. If you have proof to the contrary please post it.
>
> Over and out,
>
> BW
>
>
>
> >From: "Wes Williams" <softexcl@xxxxxxx>
> >Reply-To: <softexcl@xxxxxxx>
> >To: "Bill Wynne" <tradewynne@xxxxxxxxxxx>, <softexcl@xxxxxxx>,
> ><mr_bond@xxxxxxxxx>, <ebonugli@xxxxxxxx>, <omega-list@xxxxxxxxxx>
> >CC: <rfurse@xxxxxxxxxxxx>
> >Subject: RE: OddBall as a market timing tool
> >Date: Thu, 21 Feb 2002 15:13:40 -0700
> >
> > >
> > > I stand corrected, it did make about $15/trade before slippage/comm.
> > > on one test of 1 minute SPH2 data.
> > >
> > > > > > > My take is the ticki is generally too noisy...
> > >
> > > The test showed 2100+ trades in 11 days,
> > >
> > > BW
> > >
> >
> >Bill,
> >
> >I would DEFINITELY recommend that you NOT use the TIKI in this way!
> >
> >Sincerely,
> >Wes
> >
>
>
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