Falcon7 Tutorial
Tick
Watch
Tick is an important word in live trading =
and
live software. A person involved in this domain monitors the market
continuously. Every second trades get executed and thereby statistics (pric=
e,
volume, open interest, etc.) keep changing. This every second change makes a
Tick.
Tick is the minimum upward or downward cha=
nge
in price of a security. Tick Watch is a function that enables viewing ticks=
in
a tabular format. Tick Watch is tailor-made for quick viewing of numerical
data. This is in contrast to viewing data on charts wherein trends can be
quickly spotted.
Live trading probably is impossible without
Tick Watch, as it gives split-second data for making
split-second—hair-splitting decisions!
![3Dtime](3D"TickWatch_files/image002.gif")
Time Required: 20 min
Tick Watch
![3D"Tick](3D"TickWatch_files/image004.gif")
Go to Watches menu-> Tick Watch as s=
hown
in figure 1.
Figure 1 =
&nb=
sp;
The following window shows tick watch with updated co=
lumn
entries:
![3D"Tick](3D"TickWatch_files/image006.gif")
Figure
2
The above figure shows the various inp=
uts and
values in the option calculator.
Fields Description ![3D"d3A%20big%20pack%20notepad"](3D"TickWatch_files/image008.gif")
Buttons=
![3D"final](3D"TickWatch_files/image010.jpg")
New: Click to
start a new tick watch
Save and
Apply: Click to save and apply the settings made
Load: Click =
to
load the saved file
Start: <=
/span>Click to
start tick updation
Clear: <=
/span>Click to
clear the records
Inputs =
![3D"Panel%20Setting%20Icon"](3D"TickWatch_files/image011.jpg")
Selecting
Group
·=
; =
Click on Select Group button.
·=
; =
In Set Group box, se=
lect
the group type – Exchange or User defined, then Exchange (NSE/BSE/etc) and finally the Group
Filter![3Dfilter](3D"TickWatch_files/image013.gif")
·=
; =
Adding a filter is optiona=
l; you
may choose to view tick data of all companies listed under the selected gro=
up.
To set any of the filters, just check in the corresponding boxes.
·=
; =
·=
; =
·=
; =
·=
; =
·=
; =
·=
; =
&=
sect; Click
on the button adjacent condition. A grid named Write Expression opens up.
&=
sect; Select
the kind of expression making use of the options such as Vari, Const and Ops.
&=
sect; Functions<=
span
style=3D'font-size:12.0pt;line-height:150%;font-family:"Microsoft Sans Seri=
f","sans-serif"'>
button found at the button can be used to select the type of expression.
&=
sect; Click
on Verify after defining the
expression and then click on Apply=
.
&=
sect; The
expression can also be saved for further reference by clicking on Save button.
·=
; =
One among the check boxes
shown below need to be checked.
&=
sect; Click
on the button adjacent condition. A grid named Write Expression opens up.
§ Satisfy One =
Companies should
satisfy at least one condition.
§
Companies should sa=
tisfy
all the conditions.
§
If
none of the conditions need to be satisfied.
·=
; =
Enter the expressions whose
values you will see in the grid by enabling the check boxes, Show Expr 1 and Show Expr 2.
·=
; =
Enter the maximum number o=
f records
user needs to view against Max Rec=
ords.
·=
; =
Give the tick watch a name=
by
filling Watch Name field.
·=
; =
Click on Save and Apply to
save changes and apply it on the chart.
·=
; =
The tick watch can be star=
ted
to view the changes by clicking on Start.
·=
; =
Data-viewing
Settings
·= ; = By default, Maximum Records that are shown in= the viewing pane is set as 25. You= can change this number by just clicking in the box and typing a desired entry.<= o:p>
·=
; =
Ensure that your Live
Connection is active. For this go to Intra
menu, select applicable Live Data option [for example, if you have sele=
cted
BSE 6 Series, then open Live Data B (BSE) option] and check whether data fl=
ow
is active [form values (including time) keep changing].
·=
; =
You can stop tick updating=
by
clicking on Stop button; you c=
an
again start it by clicking on Star=
t.
Display
Pane ![3Ddisplay](3D"TickWatch_files/image015.gif")
The display pane shows 12 columns.
&=
sect; Time-
will show the time when tick (change) occurred.
&=
sect; Scrip-
will show the scrips which have satisfied the applied criterion.
&=
sect; B/S-
B stands for Buy trade while S for Sell trade
&=
sect; VaLks-
Value in lakhs.
&=
sect; TickRate
&=
sect; TickChg%
&=
sect; TickQty
&=
sect; DayTover-<=
span
style=3D'font-size:12.0pt;line-height:150%;font-family:"Microsoft Sans Seri=
f","sans-serif"'>
total turnover till tick updation.
&=
sect; Expr1 – =
will
show the 1st expression value
&=
sect; Expr2 -
&=
sect; OI- Open
Interest i.e. pending Futures and Options trades
&=
sect; Exch- Exchange
·=
; =
The records will be shown =
in
descending order of tick occurrence i.e. most recent tick (buy/sell trade of
any security) at the top while past ticks below it.
·=
; =
Company name marked in Green indicates that it has exper=
ienced
a positive rate change.
·=
; =
Company name marked in Red indicates that it has experie=
nced a
negative rate change.
·=
; =
If you click on any record,
the table cell will be marked in W=
hite.
Practice ![3Dnotepad-107](3D"TickWatch_files/image017.gif")
1. Select
NSE All Scrips group and add a condition and expressions and view the tick
updates
2. Set
PClose value to be between 100 and 1000, Last traded date to previous day, =
Last
Day’s Turnover to 0.5 crores and monitor tick updates.
3. Save
the tick watch set with required conditions and load it from amongst the lo=
cal
or server files.
&n=
bsp; Time
Required:
10 min &=
nbsp;
=
References ![3Dreferences](3D"TickWatch_files/image019.gif")
1.
Falcon7 help files in the
software