[Pt] TICK + Heikin Ashi RSI Indicator

This indicator combines NYSE TICK and RSI to aim to provide a view of NYSE market trend strength.

What is TICK
NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated by subtracting the number of stocks trading on a downtick from the number of stocks trading on an uptick. A reading of +1000 on the TICK index, for example, would indicate that there are 1000 more stocks trading on an uptick than on a downtick. The TICK index is often used as a measure of market sentiment, as it can provide insight into whether there is more buying or selling pressure in the market at a given time. A high TICK index reading may suggest that there is strong buying pressure, while a low TICK index reading may indicate that there is more selling pressure in the market.

By default, I am using -800 and 800 for oversold and overbought levels. These are configurable. Also, this indicator includes TICK divergence signals.

The TICK index is usually very volatile, so this indicator is best suited for lower timeframes, such as 1 to 5 min charts.

Idea of TICK neutral zone
As part of this indicator I've identified what I consider as "neutral" range for the TICK. Based on my own personal experience, the market tends to be in consolidation or choppy in this range. By default, I've defined this range to be -200 to 200. This range is configurable.

Signals
In combination with RSI and Heikin Ashi RSI (HARSI), which help smooths out the RSI values and make it easier to identify trends and potential reversal points, this indicator aims to generate Bullish vs Bearish signals based on the following conditions:
- bullish / bearish HARSI candle
- Inside bar on HARSI candle
- TICK trend (above or below Neutral zone)
- RSI trend (above or below 0, but not overbought or oversold)
- RSI / HARSI convergence and divergence

When all bullish conditions are met, the signal turns bright green. Bright red when all bearish conditions are met. These generated signals aims to provide users easy to read visual cues to help with their trades.

A table is also provided in attempt to identify the trend in real time:
TICK trend:
- Bullish, Extended
- Bullish
- Neutral w/ Bullish bias
- Neutral w/ Bearish bias
- Bearish
- Bearish, Extended

RSI:
- Bullish
- Bearish

Note on scale
This indicator is based on the scale for TICK, hence the RSI and HARSI are scaled. By default, standard overbought RSI value of 70 = 800 on this scale, whereas oversold value of 30 = -800.

Credits:
Heikin Ashi RSI code was borrowed from @JayRogers - Heikin Ashi RSI Oscillator

リリースノート:

Fixed time zone issue when used with futures such as ES or NQ.
Updated with TICKQ and TICKA as possible TICK data options.