DownTicks (Reserved Word)

Disclaimer

Returns the number of ticks on a bar whose value is lower than the tick immediately preceding it.

DownTicks

Remarks

Returns the down volume of a bar when Trade Volume is used for the chart.

  See EasyLanguage Reserved Words Related to Ticks, Volume & Open Interest for more information about the value of DownTicks based on window type, interval, volume/tick settings, and asset class.

Examples

DownTicks returns 5 if there were 5 ticks on a bar whose value was lower than the tick immediately preceding it.

DownTicks returns 12 if there were 12 ticks on a bar whose value was lower than the tick immediately preceding it.

Additional Example

To check if a bar of data appears to reflect a steady downturn, compare DownTicks to UpTicks:

Value1 = DownTicks - UpTicks;