Hi guys, I'm rather new to this, and was wondering if you use the TICK and TRIN for swing trading. I know that both are used as short-term trading tools, and I believe people use them on 5- and 15-minute charts. Do any of you find them useful for swing-trading? And if so, what time frame do you find most suitable?
The NYSE-TICK is sick, and needs lots of attention and medicine, and no one is tending to it. The NYSE-TRIN (and its various SMAa, YMMV) is an old and reliable friend. If you're gonna go that route, though, you'd want a VXST/VIX, too. Time frames?? Gonna depend on your underlying. Investigate, check, check, and re-check. Hourly, daily, weekly, monthly. (No shit! ) Have at it!
Yes - tick can help your swing trading. Just keep an eye on it. When it hits extreme readings and other things line up like a multiple bottom formation on declining volume than you have the potential for a good swing trading. In this example I use the price formation, volume, and tick. * Note the declining volume & tick(blue)on each tail - that showed sellers were nearing exhaustion and buyers were stepping in.
I'll bet you a pint of https://flat12.me/on-tap/half-cycle that a 6minute SMA imposed on that TICK would be a great(er) indicator.