ShadowTrader FUTURES & FOREX
TICKThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. SIZES AND VALUEThis value has nothing to do with valuation.  It denotes prices that are "fair".  Fair in this sense means a price that is common to a lot of participants.  An item that you buy once per week in a store at a price that doesn't fluctuate has a "fair price". You can express this by a formula Value = Price + Time or Value = Price + Volume Either of the above are valid ways of expressing value.  In the first equation, value is defined by price staying the same for a long period of time.  In the futures market, this would be an area that is revisted a lot during a particular session or multiple sessions.  The point of control is the price level where the most amount of time was spent during an RTH session.  James Dalton refers to this level as "the fairest price to do business". Using vo... thinkScript

Your thinkscript is below in the blue box.  Watch the video at right for detailed instructions on how to install and customize the Futures and Forex TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. Size and ValueThis value has nothing to do with valuation.  It denotes prices that are "fair".  Fair in this sense means a price that is common to a lot of participants.  An item that you buy once per week in a store at a price that doesn't fluctuate has a "fair price". You can express this by a formula Value = Price + Time or Value = Price + Volume Either of the above are valid ways of expressing value.  In the first equation, value is defined by price staying the same for a long period of time.  In the futures market, this would be an area that is revisted a lot during a particular session or multiple sessions.  The point of control is the price level where the most amount of time was spent during an RTH session.  James Dalton refers to this level as "the fairest price to do business". Using vo... thinkscript on your thinkorswim platform.  ——–>

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#ShadowTrader Futures and Forex TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. Sizes and Values
#Version 1.0  6/5/17
#Blake Young & Dan Sheehy
declare upper;
input Show_Futures_Label = yes;
Input Futures_Lot_Size = 1;
input Show_Forex_Label = yes;
Input Forex_Lot_Size = 1;
DefineGlobalColor(“Label_Background”, Color.red);
AddLabel(Show_Futures_Label, “Futures TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. Size: $” + (TickSize()), globalColor(“Label_Background”));
 AddLabel(Show_Futures_Label, Futures_Lot_Size + ” Lot TickThe net cumulative tick reading on the NYSE or Nasdaq Composite. This is measured by the number of stocks ticking up minus the number of stocks ticking down at any given moment. It is the least used of the internal indicators but is discussed from time to time. Generally the tick readings are only helpful when they are at extremes such as +1000 on the NYSE to indicate that program trading is ensuing. ValueThis value has nothing to do with valuation.  It denotes prices that are "fair".  Fair in this sense means a price that is common to a lot of participants.  An item that you buy once per week in a store at a price that doesn't fluctuate has a "fair price". You can express this by a formula Value = Price + Time or Value = Price + Volume Either of the above are valid ways of expressing value.  In the first equation, value is defined by price staying the same for a long period of time.  In the futures market, this would be an area that is revisted a lot during a particular session or multiple sessions.  The point of control is the price level where the most amount of time was spent during an RTH session.  James Dalton refers to this level as "the fairest price to do business". Using vo...: $” + (Futures_Lot_Size * TickValue()), globalColor(“Label_Background”));
DefineGlobalColor(“Label_Background”, Color.red);
AddLabel(Show_Forex_Label, ” Forex Pip Size: $” +  (10 * (TickSize()) * (1)),
globalColor(“Label_Background”));
 AddLabel(Show_Forex_Label, Forex_Lot_Size + ” Lot Pip ValueThis value has nothing to do with valuation.  It denotes prices that are "fair".  Fair in this sense means a price that is common to a lot of participants.  An item that you buy once per week in a store at a price that doesn't fluctuate has a "fair price". You can express this by a formula Value = Price + Time or Value = Price + Volume Either of the above are valid ways of expressing value.  In the first equation, value is defined by price staying the same for a long period of time.  In the futures market, this would be an area that is revisted a lot during a particular session or multiple sessions.  The point of control is the price level where the most amount of time was spent during an RTH session.  James Dalton refers to this level as "the fairest price to do business". Using vo...: $” + Forex_Lot_Size *  (10 * (Tickvalue()) ), globalColor(“Label_Background”));