Don't you just love all these buzz words?  Tilt is a very simple concept.  I will use it with two simple technical applications.  RSI and our beloved PB.  RSI or as some call it PSI, is the Relative Strength Index or Price Strength Index.  PB is defined elsewhere on this site.

Let's suppose that Corn has a current RSI of 40% and the close is at $2.05.  To find the Tilt we just look back on the chart and see when the last time the RSI was at 40%.  Let's suppose the last time was three weeks ago and the price was $2.19.  Now we know the Tilt is down because the price is lower now ($2.05) then it was the last time the RSI was at 40% ($2.19). 

Remember, the reason this is important is that it indicates the market balanced at a lower or higher level.  If it balanced at a lower level then the tilt indicates the trend.  In the example above, we would see an obvious down trend.  Where this becomes really important is at a trend change.  We can watch the tilt on the 30 and 60 minute charts as well and they will indicate a possible trend change when their tilt is different then the daily tilt of the market. 

The same holds true for the PB calculation except PB is calculated differently than the RSI and in many respects is slower.  The tilt of the PB is a better indicator of trend then RSI just because it is calculated differently and uses more information then the RSI which only uses the closing price in its calculation.

Bottom-line- Tilt represents the playing field for the market and just like an Airplane is tilted up to go higher and down to go lower, the market has a tendency to move in the direction of the tilt over time.  It is not perfect but then nothing is in technical analysis.  It's just another trend indicator and remember, the trend is your friend.