I have to admit that 1 penny moving tick volume is very unlikely to move the market, but at the same time if a 1 penny trade is able to move the market does this not show, for some psychological or technical analysis reason, that this moves, is ...
I have read some similar studies in regards to volume and tick movement and confirm what you are saying. Also want to add that OBV can follow price very well from the tick volume on most TFs, personally I use it on a 1 min TF and find that entires ...