Tick Index

Tick Index

The number of securities on an uptick minus the number of securities on a downtick. A positive tick index is a bullish indicator, while a negative index is bearish. Because a tick index reflects only the directions of the most recent trades, its usefulness beyond the very short term is limited.
References in periodicals archive ?
Unless calves became more available at check stations, we suggest that adult moose are more practical for developing a tick index.