TICK Grid (TheMas7er)

2022년 12월 19일

█ OVERVIEW

Shows the NYSE Tick Index, as it is used by TheMas7er.

This indicator has several customization options built-in that can be configured:
 • Positive and negative threshold levels with show/hide option and color selection.
 • Zero line with show/hide option and color selection.
 • Bar colors are fully customizable.
 • Symbol can be changed. Default is USI:TICK for the New York Stock Exchange.

Tick Indices are available in TradingView as a symbol - just like any other stock - which you can show on a chart.
This script adds a pane with your selected Tick Index, which can then be used as an indicator to make short-term trading decisions.


█ CONCEPTS

The Tick Index is a short-term barometer of internal market strength.
It shows the number of stocks trading on an uptick minus the number of stocks trading on a downtick, and is used by day traders to view the overall market sentiment at a given point in time.
It's categorized as a Breadth Indicator because it analyzes the "Breadth and Scope" of an entire Index.

Since the Tick Index measures the up/down ticks of a universe of stocks, any collection of stocks (market,index,...) could theoretically have it's own Tick Index.

Some of the major Tick Indices are:
 • USI:TICK for the New York Stock Exchange
 • USI:TICKQ for Nasdaq
 • USI:TICKI for the Down Jones

2022년 12월 19일

릴리즈 노트

Bugfix: up/down candle colors were inverted.

2022년 12월 19일

릴리즈 노트

Updated chart to reflect correction of up/down candle colors that were inverted.

2022년 12월 19일

릴리즈 노트

Updated chart to show the 1 minute timeframe.

2023년 1월 10일

릴리즈 노트

Bugfix: Ticker was hard-coded, and didn't change with the input selection.
h/t to mojotv1 who was the first to notice and report this obvious mistake.