Definition. Indicators showing the behaviour of the whole US stock market. TICK measures momentary pressure, ADD the breadth of the move.
How it works
TICK is the number of stocks whose last trade was an uptick minus those whose last trade was a downtick. ADD is the number of advancing stocks minus declining stocks in the session.
Example
MYM is rising, but ADD shows more stocks falling than rising. The Dow's gain may be driven by a narrow group of stocks.
What to watch out for
Internals are a check on whether a move is confirmed, not a standalone signal.
This is the Renko with NYSE TICK and ADD in the Hetman Terminal (Trend Formation). Screenshot from the Hetman Index (IHA) – a training instrument, simulated data. See all the Hetman Terminal tools →
♛ The Hetman Terminal is part of Club: live for Dow Jones from the Bishop plan, 6 markets (Dow Jones, S&P 500, Nasdaq, gold, crude oil, Bitcoin) and automatic detection of order flow events from the Rook plan. A session on the ♛ Hetman Index (training, simulated data) in the full panel comes with the Knight plan and above. Compare the plans →
You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
