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>From: "Bob Heisler" <Bheisler@xxxxxxxxx>
>
>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.
>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.
Once again I applied my humble coding skills and contrary personality traits
to the ticki....
WARNING: code that follows is only for comparative purposes. Test it
yourself and see what you think. IMO I would not trade either system below,
however some might find value in the basic comparative info.
I tested various time frames, but found 60 minute data the most revealing.
Data1 SPX, data2 Ticki, data3 Tick, data4 Prem.
Fades ticki, tick, prem extremes:
inputs: Y(22),X(500), Z(5);
If highest(h of data2,2) > Y
and Highest(h of data3,2) > X
and Highest(h of data4,2) >= highest(H of data4,Z)
Then sell;
If Lowest(l of data2,3) < -Y
and Lowest(L of data3,2) < -X
and Lowest(L of data4,2) <= Lowest(L of data4,Z)
Then buy;
Flows with ticki, tick, prem extremes:
inputs: Y(22),X(500), Z(5);
If highest(h of data2,2) > Y
and Highest(h of data3,2) > X
and Highest(h of data4,2) >= highest(H of data4,Z)
Then buy;
If Lowest(l of data2,3) < -Y
and Lowest(L of data3,2) < -X
and Lowest(L of data4,2) <= Lowest(L of data4,Z)
Then sell;
FWIW, "fader" actually had a higher % of winners in my
short test while losing bigtime (66%, lost $271K+), while
the "flow" version won less often (59%) it made more (+$271K).
I take back what I originally said about the ticki being
a waste of time and I want to thank everyone that brought
it back to my attention. It is indeed a fine tool.... ;-)
BW
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© Smart Trades Inc. 2002. All rights reserved.
>From: "Bob Heisler" <Bheisler@xxxxxxxxx>
>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: Fri, 22 Feb 2002 18:55:22 -0600
>
>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
>
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