Market Internals study

Discussion in 'Strategy Building' started by bearmountain, Jul 23, 2011.

  1. Just curious if anyone uses market internals in their strategy design?

    Looking into it there appears to be a bewildering array of choices. Over a dozen TICK indices alone.

    Any thoughts on the use or misuse of mkt internals would be greatly appreciated. Thanks.


    $TICK = 5479 NYSE
    $TICKC = 5479 NYSE Cumulative Tick Composite
    $TIKSP = 500
    $TIKSPC = 500
    $TIKA = 1668 AMEX Cumulative Tick
    $TIKAC = 1668 AMEX Cumulative Tick Comp
    $TIKUS = 16770 All US Cumulative Tick Comp
    $TIKUSC = 16770 All US Cumulative Tick Comp
    $TIKUSL = 16770 All US Cumulative Tick Comp
    $TIKUSLC = 16770 All US Cumulative Tick Comp
    $TIKQ = 9623 NASDAQ Cumulative Tick
    $TIKND = 100
    $TIKIC = 30 DJIA Cumulative Tick Composite
    $TIKI = 30 DJIA Tick Index
    $TIKR = 2000
    $TIKRC = 2000
    $TIKRL = 2000
    $TIKRLC = 2000
     
  2. I use tick and a/d NYSE and watch the NQ for volume spikes to trade ES.
    I get confused if I try to look at too much else.
     
  3. yes I understand your point about confusion by looking at too much. For trading the ES, I have been experimenting with various internals, even trying to combine internals, but not much luck so far.

    along the lines of what surinotes has developed. but I rather develop my own.
    Combine Market Internals Indicator shows a Combined Market Trend of Internals of $ADV, $DECL, $TICK, $TRIN, $ESINX, XLF, SPY in Real-Time. CMI shows underlying trend in a Histogram
     

  4. Which datafeed are you using for these?
     
  5. nnfx

    nnfx

    Did you try to use put/call ratio? It seems like a good and usefull market internal.