Table of Contents · • H.CT-Swing to display the cumulative tick (and moving average) from a specified starting date and time, useful for swing trading. Use H.CT when the value

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IBH Cumulative Tick

Table of ContentsNew in Version 6........................................................................................................................................2Overview....................................................................................................................................................2Getting Started – Quick Start.....................................................................................................................3Saving Changed Configuration..................................................................................................................3IBH Cumulative Tick Indicator H.CT........................................................................................................4Configuration.............................................................................................................................................4

Configuration: General Tab...................................................................................................................4Configuration: Inputs Tab......................................................................................................................5Configuration: Alerts Tab......................................................................................................................5Configuration: Style Tab.......................................................................................................................5Configuration: Color Tab......................................................................................................................5Configuration: Scaling Tab....................................................................................................................6Configuration: Advanced Tab................................................................................................................6

Chart Types Supported...............................................................................................................................6IBH Cumulative Tick Trend Indicator H.CT-Trend...................................................................................6Configuration.............................................................................................................................................7

Configuration: General Tab...................................................................................................................7Configuration: Inputs Tab......................................................................................................................7Configuration: Alerts Tab......................................................................................................................8Configuration: Style Tab.......................................................................................................................8Configuration: Color Tab......................................................................................................................8Configuration: Scaling Tab....................................................................................................................8Configuration: Advanced Tab................................................................................................................8

Chart Types Supported...............................................................................................................................8IBH Cumulative Tick Swing Indicator H.CT-Swing.................................................................................9Configuration.............................................................................................................................................9

Configuration: General Tab...................................................................................................................9Configuration: Inputs Tab....................................................................................................................10Configuration: Alerts Tab....................................................................................................................10

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Configuration: Style Tab.....................................................................................................................10Configuration: Color Tab.....................................................................................................................11Configuration: Scaling Tab..................................................................................................................11Configuration: Advanced Tab..............................................................................................................11

Chart Types Supported.............................................................................................................................11Advanced Ideas for SPY/ES Trading.......................................................................................................11Advanced Ideas for QQQ/NQ Trading....................................................................................................12Advanced Ideas for IWM/RTY Trading...................................................................................................12Support.....................................................................................................................................................12Disclaimer................................................................................................................................................13

New in Version 6• Additional feature: H.CT-Swing indicator can display either a simple or exponential

moving average of the cumulative tick.

All documentation changes from version 5 are highlighted.

OverviewThis indicator “accumulates” all ticks during a trading “session” (where session is either within the daily session, or since a specified date and time) and displays that value at the close of each bar.

A Tick index provides you with the number of stocks in a specific exchange or broad market index whose last trade occurred on an uptick minus the number of stocks in a specific exchange or broad market index whose last trade occurred on a downtick. When the index is greater than 0, there are currently more stocks whose last trade occurred on an uptick than stocks whose last trade occurred on a downtick. When the index is less than 0, there are currently more stocks whose last trade occurred on a downtick than stocks whose last trade occurred on an uptick. This can help to determine short-term market sentiment.

This indicator supports all TradeStation tick indices. The complete list of tick indices and all TradeStation Calculated Indices can be found at http://www.tradestation.com/education/university/school-of-tradestation-basics/quick-tips/other-tools/tradestation-calculated-indices

At the time this document was published the TradeStation tick indexes were: • $TIKA - AMEX Tick ($TIKAC - AMEX Tick Composite)• $TICK - NYSE Tick ($TICKC - NYSE Tick Composite)• $TIKQ - NASDAQ Tick• $TIKND - NASDAQ 100 Tick• $TIKI - DOW 30 Tick ($TIKIC - DOW 30 Tick Composite)• $TIKR - ARCX Tick ($TIKRC - ARCX Tick Composite)• $TIKSP - S&P 500 Tick ($TIKSPC - S&P 500 Tick Composite)


http://www.tradestation.com/education/university/school-of-tradestation-basics/quick-tips/other-tools/tradestation-calculated-indices

http://www.tradestation.com/education/university/school-of-tradestation-basics/quick-tips/other-tools/tradestation-calculated-indices


• $TIKRL - Russell 2000 Tick ($TIKRLC - Russell 2000 Tick Composite)• $TIKUS - All US Tick ($TIKUSC - All US Tick Composite)• $TIKUSL- All Amex, NASDAQ and NYSE Tick ($TIKUSLC - All Amex, NASDAQ and

NYSE Tick Composite)

Configuration options allow the trader to select the look of the output. The default is a histogram.

The indicator package includes three cumulative tick indicators:• H.CT to display the cumulative tick of the session,• H.CT-Trend to display the cumulative session tick as a trend,• H.CT-Swing to display the cumulative tick (and moving average) from a specified

starting date and time, useful for swing trading.

Use H.CT when the value of the cumulative tick is of interest. Use H.CT-Trend when the direction of the cumulative tick is of interest.

Getting Started – Quick StartThis indicator includes a sample workspace called IBH CUMULATIVE TICK.TSW

TradeStation should install the workspace into your default workspace folder. Open that workspace to see a number of chart windows with the indicators installed in various different configuration settings. If you can not find the workspace or TradeStation did not download it, keep the following points in mind:

Basic Example for SPY, ES, SPX.X analysis and trading:1. Create a new Chart Analysis chart2. Insert the $TICK symbol on the chart3. Set the chart interval to 5 or 15 minutes4. Insert the IBH Cumulative Tick H.CT indicator (turn on “Prompt for Format”). Ensure

the Study is based on $TICK on the “General” tab.

Saving Changed ConfigurationAs you will read in the following sections, there are several Input Names that can be set by the trader to change the behavior of the analysis technique/study. Since this analysis technique/study was installed by the TradeStation TradingApp Store, you cannot save the default configuration as you would with the built in analysis techniques/studies. Instead, use the following steps when you have the indicator(s) configured as you prefer to save the configuration of all the analysis techniques/studies inserted in the chart, for future use in different charts by:

1. Right click the chart, 2. Select “Save Analysis Group” (TS 9.5) or “Save Study Group” (TS 10.0), 3. Enter a group name add any notes,



4. Click OK.Then you Insert Analysis Group (TS 9.5) or Insert Studies Group (TS 10.0) to replicate this analysis technique/study configuration in a new chart.

IBH Cumulative Tick Indicator H.CT

This picture represents the default output of the IBH Cumulative Tick H.CT indicator insertedon a $TICK 15 minute chart. The indicator calculates a running value of the cumulative ticks in the current session which could aid in comparing market strength against previous sessions. The indicator works on minute interval charts only.

The Magenta bar signifies that the Cumulative Tick for the current period is larger than the previous period, Yellow bar signifies a Cumulative Tick reading that is lower (smaller) than theprevious period.

ConfigurationAfter you import the indicator you can insert it in any chart analysis window on minutes interval. The name of the indicator is IBH Cumulative Tick H.CT

When you format the indicator there are several tabs of interest.

Configuration: General Tab

In the default configuration, the “Update value intra-bar (tick-by-tick)” is NOT selected. “Update value intra-bar (tick-by-tick)” is supported, clicking the box may impact your system performance. If you built your chart with both a “tick” index and a market index such as SPY then ensure the “Base study on” pull-down menu selects the tick index.



Configuration: Inputs Tab

Name Default Value Description

upColor Magenta Color of the output of the indicator when the cumulative tick generated by the current bar is a value GREATER THAN the cumulative tick generated by the previous bar.

noChgColor White Color of the output of the indicator when the cumulative tick generated by the current bar is a value SAME AS the cumulative tick generated by the previous bar.

dnColor Yellow Color of the output of the indicator when the cumulative tick generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar.

DisplayOnlyCrntDay FALSE When FALSE the cumulative tick of all sessions within your chart are displayed. When TRUE the cumulative tick of only the current trading day is displayed.

ShowZeroLine FALSE When TRUE a line on the zero value is displayed to enhance the readability of positive and negativevalues for cumulative tick.

upColor, noChgColor, dnColor can be any of Black, Blue, Cyan, Green, Magenta, Red, Yellow, White, DarkBlue, DarkCyan, DarkGreen, DarkMagenta, DarkRed, DarkBrown, DarkGray, LightGray.

Alternatively, if your preferred color is not listed then an entry of “RGB(rrr, ggg, bbb)” is valid where rrr, ggg, bbb represents the red, green, and blue components of a custom color.

Configuration: Alerts Tab

Alerts are not supported.

Configuration: Style Tab

Specifies the output type of the indicator. The default is Histogram for CumulatveTik and Line for ZeroLine.

Configuration: Color Tab

Has no impact on the behavior of the Cumulative tick output (those output colors are defined in the input tab). Use this tab to set the color of the ZeroLine.



Configuration: Scaling Tab

There is nothing on this tab that should be changed.

Configuration: Advanced Tab


Chart Types SupportedOnly minutes intervals are supported on the chart window. Generally speaking, the larger the minutes time period the slower the cumulative tick moves and may be more useful in gauging true market 'sentiment.' Try the indicator on 5 and 15 minutes charts. Using a 1 minute chart generally creates too many signals.

IBH Cumulative Tick Trend Indicator H.CT-Trend

This picture represents the default output of the IBH Cumulative Tick H.CT-Trend indicator inserted on a $TICK 5 minute chart. The indicator calculates a running value of the cumulativeticks in the current session but only displays whether the current cumulative value is higher orlower than the cumulative tick calculated in the previous bar. The indicator works on minute interval charts only and updates the output only the close of the bar/candlestick.

The Green bar signifies that the Cumulative Tick for the current period is larger than the previous period and the trend is upwards, Red bar signifies a Cumulative Tick reading that is lower than the previous period and the trend is downwards.

It is straightforward to see the difference in output on the following chart where the IBH



Cumulative Tick H.CT indicator has been added to the chart:

H.CT-Trend shows direction of the cumulative tick. H.CT shows the value of the cumulative tick.

ConfigurationAfter you import the indicator you can insert it in any chart analysis window on minutes interval. The name of the indicator is IBH Cumulative Tick H.CT-Trend



In the default configuration, the “Update value intra-bar (tick-by-tick)” is NOT selected. “Update value intra-bar (tick-by-tick)” is NOT supported. If you built your chart with both a “tick” index and a market index such as SPY then ensure the “Base study on” pull-down menuselects the tick index.



upColor Green Color of the output of the indicator when the cumulative tick trend is positive (generated when the current bar is a value GREATER THAN the cumulative tick generated by the previous bar).

noChgColor White Color of the output of the indicator when the cumulative tick trend generated by the current bar is a value SAME AS the cumulative tick generated




by the previous bar.

dnColor Red Color of the output of the indicator when the cumulative tick trend generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar.

DisplayOnlyCrntDay FALSE When FALSE the cumulative tick trend of all sessions within your chart are displayed. When TRUE the cumulative tick of only the current trading day is displayed.

ShowZeroLine FALSE When TRUE a line on the zero value is displayed to enhance the readability of positive and negativevalues for cumulative tick.






Specifies the output type of the indicator. The default is Histogram for CTik Trend and Line forZeroLine.


Has no impact on the behavior of the Cumulative tick trend output (those output colors are defined in the input tab). Use this tab to set the color of the ZeroLine.





Chart Types SupportedOnly minutes intervals are supported on the chart window. Generally speaking, the larger the



minutes time period the slower the cumulative tick moves and may be more useful in gauging true market 'sentiment.' Try the indicator on 5 and 15 minutes charts. Using a 1 minute chart generally creates too many signals.

IBH Cumulative Tick Swing Indicator H.CT-Swing

This picture represents the default output of the IBH Cumulative Tick H.CT-Swing indicator inserted on a $TICK daily chart. The indicator works on daily or minute interval charts and updates the output at the close of the bar/candlestick.

The Magenta bar signifies that the swing cumulative tick through the current day is larger thanthe swing cumulative tick generated through the previous day, Yellow bar signifies a swing cumulative tick reading that is lower than the previous day.

ConfigurationAfter you import the indicator you can insert it in any chart analysis window on daily or minutes interval. The name of the indicator is IBH Cumulative Tick H.CT-Swing



In the default configuration, the “Update value intra-bar (tick-by-tick)” is NOT selected and not supported. If you built your chart with both a “tick” index and a market index such as SPY thenensure the “Base study on” pull-down menu selects the tick index.





ctStartDate 20170203 The date when the cumulative swing tick should begin calculation; format is YYYYMMDD, where 20170203 represents Feb 3, 2017

ctStartTime 930 The time during ctStartDate when cumulative swing tick should begin calculation. Ignored if the chart interval is daily.

upColor Magenta Color of the output of the indicator when the cumulative tick generated by the current bar is a value GREATER THAN the cumulative tick generated by the previous bar.

noChgColor White Color of the output of the indicator when the cumulative tick generated by the current bar is a value SAME AS the cumulative tick generated by the previous bar.

dnColor Yellow Color of the output of the indicator when the cumulative tick generated by the current bar is a value LOWER THAN the cumulative tick generated by the previous bar.

MA_Len 0 Number of periods to use to generate the moving average of MA_Type. If 0 then no moving averageis drawn.

MA_Type “S” “S” for simple moving average, “E” for exponentialmoving average






Specifies the output type of the indicator. The default is Histogram for the cumulative tick count and Line for the moving average.




Defines the color of the moving average.





Chart Types SupportedDaily and minutes intervals are supported on the chart window. Generally speaking, the largerthe minutes time period the slower the cumulative tick moves and may be more useful in gauging swing market 'sentiment.' Try the indicator on daily and 30 or 15 minutes charts.

Advanced Ideas for SPY/ES TradingThis section explains how to create a chart utilizing cumulative tick to day trade SPY and/or ES. Build a 15 minute trading chart of SPY with the cumulative tick indicator inserted for both $TICK (NYSE) and $TIKSP (S&P500) using the following steps:

1. Create a new Chart Analysis chart with SPY (or $ES.D), Format the symbol: ◦ General Tab: set the chart interval to 15 minutes and the Display Time Zone to

LOCAL2. Insert the $TICK symbol on the chart, Format the Symbol:

◦ General Tab: set the Display Time Zone to LOCAL◦ Style Tab: select Make price data invisible◦ Scaling Tab: select Scale On to No Axis and Sub-graph to 1

3. Insert the $TIKSP symbol on the chart, Format the Symbol:◦ General Tab: set the Display Time Zone to LOCAL◦ Style Tab: select Make price data invisible◦ Scaling Tab: select Scale On to No Axis and Sub-graph to 1

4. Insert the IBH Cumulative Tick H.CT indicator, Format the Indicator:◦ General Tab: Base the study on $TICK

5. Insert the IBH Cumulative Tick H.CT indicator, Format the Indicator:◦ General Tab: Base the study on $TIKSP◦ Inputs Tab: Change the values for upColor, noChgColor, and dnColor so that

you can visually differentiate the Cumulative Tick for NYSE from SP500



The chart you create will be similar to the following chart where SPY sits above the cumulative tick for $TICK and that sits above the cumulative tick for $TIKSP:

Make sure you have several months of chart data so that you can evaluate the scenarios presented by the $TICK and $TIKSP cumulative tick charts. For example, consider whether the $TICK cumulative tick is trending (up or down), oscillating around zero (e.g. spending timeabove zero then below zero then above), or not moving much at all for the session. Then review the $TIKSP cumulative tick using the same categories. Review the resulting price action of SPY (or @ES.D).

Finally, copy this chart, paste as a new chart, then change the interval setting to 5 minutes to determine whether that is a better interval for your trading style.

Advanced Ideas for QQQ/NQ TradingBuild a 15 minute trading chart by using the steps outlined in “Advanced Ideas for SPY/ES Trading.” However, replace SPY with QQQ and $TIKSP with $TIKND or $TIKQ.

Advanced Ideas for IWM/RTY TradingBuild a 15 minute trading chart by using the steps outlined in “Advanced Ideas for SPY/ES Trading.” However, replace SPY with IWM and $TIKSP with $TIKRL.

Supportsend email to [email protected]



In addition to a clear description of the problem, configuration details of the symbol and the inputs tab of the indicator, include the version of IBH Cumulative Tick indicator package and your TradeStation platform.

Disclaimer• Success in trading is not guaranteed• The developer of this indicator has made good efforts to produce a quality product, however the

developer is not liable should importing and inserting this indicator impact the performance or utility of the customer's TradeStation platform

• The results of any and all trades that the customer takes which may have been influenced by this indicator are the customer's and the customer's alone, regardless of whether it is a profit or a loss

Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading software tool that is designed to be compatible with the TradeStation® Open Platform. TradeStation®, EasyLanguage® and the EasyLanguage Specialist® logo are registered trademarks of TradeStation Technologies, Inc.

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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENTLIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN ACTUALLY EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.


Documents

Table of Contents · • H.CT-Swing to display the cumulative tick (and moving average) from a specified starting date and time, useful for swing trading. Use H.CT when the value