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
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.
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