Ticks above \/ below zero, and ratio<\/strong> What use is this you say? Seems a bit simplistic! Well, yes. BUT, how many times have you looked at that mass of ticks, been caught out by a trend day, etc. The figures give you an idea what side is dominating, or if ~50\/50, if we are likely to be in a range. Reading ticks is bit of an art. This helps, or more accurately, I found it helps me. Maybe it’ll help you too. Let me know.<\/p>\n Tamer<\/strong> This indicator may well be of use with other things. I’ve not used it for anything other than index TICK’s though. Anything that swings around a lot on a short term basis it would probably be of use for. Let me know below if you find it useful elsewhere.<\/p>\n Credit for the original tamer idea goes to Peter Davies from Jigsaw trading. I know there are variations on this, but I saw an NT7 version of this idea on his website and decided I wanted something like it for NT8.<\/p>\n Cumulative<\/b> mode Audio alerts<\/strong> Example setup<\/strong> Tick Tamer example, 5 minute. Can you read the native ticks, or the cumulative \/ tamed version better?<\/p><\/div>\n Another example. A bullish one.<\/p>\n Bullish internals<\/p><\/div>\n Download<\/strong><\/p>\n if you already have a license key, please make sure you enter it in the indicator properties as part of the process of adding the indicator to your chart. Probably a good idea to ‘save as default’, so your key is remembered in your indicator template.<\/p>\n Example template and data series settings. <\/strong><\/p>\n Here is a template you can download (one I use). You will need to add 2 data series to use this template, per the below example. This can give you a starting point and you can change things up from there. This is an NYSE\/NASDAQ combo I use. The symbols may vary depending on your data provider. Note – I have added this template to the main download, so if you download and install the indicator, it should be present in your chart templates already.<\/p>\n Right-click, save as, this file<\/a>, to your Ninjatrader 8\\templates\\charts folder Make sure you select the chart template from your new chart dialogue box (top right).<\/p>\n As usual, let me know below if any issues and I will try to resolve them, time permitting.<\/p>\n Updates<\/strong><\/p>\n 2021.02.x – New alert and sounds options and have been added
\nThis was originally a separate indicator, now part of the Tamer. This works on any time-scale. I personally use it on a fast and slower one. It is very simple, but surprisingly useful (to me, at least). It counts the number of closes above or below zero and reports those in the data series chart window, example below. So you have ticks closed up, closed down, and a ratio<\/p>\n![\"$TICK](\"https:\/\/pjsmith.me.uk\/wp-content\/uploads\/2016\/09\/2016-09-26-14_11_00-Chart-^TICK2.png\")
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\nThis indicator takes an average of the high\/low\/median and plots that. Ticks can jump all over the place. As mentioned above, it’s a bit of an acquired art to read them. Sometimes they squirt up for a short period and close. I don’t feel this gives you a true picture. Using this method you get a nice chart. I feel it gives a much better idea of the overall tick trend. I tend to run this on much shorter time intervals. Here is an example that also has the built in SMA indicator applied to it. See how much more sense you make of the orange bars than the first example, above? Isn’t that a clearer picture?<\/p>\n<\/a><\/p>\n
\n<\/strong>For me, the Cumulative mode is the best part and is one of the best additions I made. Green, they are buying, red, they are selling. There’s not any other real interpretation. It makes seeing what the tick trend is, very, very easy. Trend days are more easily recognised.<\/p>\n<\/a><\/p>\n
\nOptionally enable audio alerts. Again, this is a simple thing, but after years of use, i can tell you it is very useful. If enabled, voice announcement (or other sound you prefer) will announce ‘tick new high’, or ‘tick new low’. You have no idea of the confidence this gives to hear this when you are aligned appropriately!<\/p>\n
\nBar the examples above, this is how I generally use it on my dashboard. Not the only way (or maybe even the best way), but it works for me. A template for this setup is included in the indicator package, so if you’d like to try it, just create a new tick chart and apply the pjsTamer template. I am pretty sure at the least, you’ll want to change the colours!<\/p>\n<\/a><\/a><\/a><\/p>\n
\nConfigure your data series like this (click for larger image)
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