There is an indicator known as TICK, which measures the difference between the number of stocks going up at any moment versus those going down. In effect, it is like a momentary Advance-Decline difference. It also has an interesting use as a sentiment indicator. Peter Eliades shared this with me years ago. The idea is to look at the daily closing value of TICK, because it can tell us about the supply-demand imbalance among stock trade orders marked as “market on close” or MOC. That is a trade criterion set by investors who want to have the closing print price for their trade, and is usually a function used by only ... (full story)