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Volume has nothing to do with up/dn ticks. Up tick is last price higher than
previous last, dn tick is last price lower, if price is unchanged from
previous then tick is considered to be same as previous change up/dn. You
can write your own study updating every tick to do this in Ensign or you can
approximate the results by running OBV on a tick chart.
Earl
-----Original Message-----
From: Jonathan Sibley <jsibley@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, February 25, 1999 9:09 AM
Subject: GEN Intraday Tick Chart Analysis
>Can anyone tell me if one can draw any conclusions about whether ticks with
>large volume (e.g., > 5,000 shares) are upticks or downticks?
>
>I'm trying to draw conclusions about whether there is buying or liquidation
>going on in specific stocks and my software stores ticks, but not
>historical bid and ask prices (which I assume would lead to more accurate
>conclusions).
>
>Any thoughts on this potential technique or any variations that seem
helpful?
>
>Thanks.
>
>Jonathan Sibley
>
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