![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwbmeOE-Bwk1UKHggi5NfjwdaMal1iqW2C7AB0j0ElM6Dn0Typrmiiy0uPyqty3yXOJVBqHya0ENPzxRgJkbLy2QUy-fcSHwMT3LLd_I15JPBiTfw2C38Rs2B7kg4SPEsCnL1T/s400/DIA120809.gif)
My recent post highlighted the TICK indicator for the 30 Dow Industrial stocks (TICKI) as a measure of short-term sentiment.
Just as we can create a cumulative line of NYSE TICK to track shifts in sentiment over the day (and from day to day), we can create a cumulative TICKI line for similar purposes.
Above we see today's trade in the Dow (DIA; blue line) plotted against the cumulative TICKI line. That line was created by summing the high, low, and closing TICKI value for each minute and then summing; the chart was created in Excel.
Note how the cumulative TICKI topped out ahead of price and then bottomed out ahead of price. It is not so much a timing indicator as a general barometer of intraday sentiment, capturing upticking and downticking behavior across the very liquid large cap stocks.
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