Search Dictionary

Definition of 'NYSE TICK'

This is the NYSE Cumulative Tick. Most feed vendors source this figure directly from the NYSE where it is calculated every 6 seconds.

The $TICK represents the net ticks of all stocks on the NYSE.

The tick is the direction in which the price of a stock moved on its last sale. An up-tick means the last trade was at a higher price than the one before it and a down-tick means the last sale price was lower than the one before it. A zero-plus tick means the transaction was at the same price as the one before, but still higher than the nearest preceding different price. A zero-plus tick is not used in the calculation of $TICK.

If 500 stocks ticked up, 250 ticked down, and the rest remained unchanged then the value of $TICK would be +250. If 1200 stocks ticked down and 50 ticked up then $TICK would be -1150.

Day traders use the value of $TICK in timing when to enter long and short trades and when at extremes this is sometimes an indicator to exit a trade.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.