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
リリースノート
Bugfix: up/down candle colors were inverted.
リリースノート
Updated chart to reflect correction of up/down candle colors that were inverted.
リリースノート
Updated chart to show the 1 minute timeframe.
リリースノート
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.