FTB-C000259 / Indicator

Market TICK Indicator

The Market TICK Indicator is the number of eligible issues trading on an uptick minus those trading on a downtick at a timestamp.

Also known asTICK indexnet upticks

Intermediate Formula defined 1 linked topicPublished

Definitions

In plain terms

It is a high-frequency snapshot of short-term buying and selling pressure across a declared market universe.

Technical

Construction requires tick-rule classification, synchronization interval, venue scope, eligibility, late-data, correction, and zero-activity policies.

Scope

It is not a daily advance-decline count.

Formula

Market TICK = N_uptick - N_downtick
LaTeX: TICK_t=N_{up,t}-N_{down,t}
SymbolMeaningUnit
N_uptickeligible issues classified on an uptickissues
N_downtickeligible issues classified on a downtickissues

Output unit: issues

Examples

  • A Fintech Builder lesson can compute or identify the Market TICK Indicator only after declaring its inputs, timing, and edge-case rules.

Common misconceptions

  • It is not a daily advance-decline count.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. Daily TAQ Client Specification New York Stock Exchange / Intercontinental Exchange · official exchange

    Supports: preferred label, short definition, technical definition, formula

    Limits: Product-specific and licensed; it does not create universal eligibility, repair, imputation, tolerance, or aggregation rules.

Reviewed by
fintech-builder-batch-005
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.