OPEN-SOURCE SCRIPT
TICK Grid (TheMas7er)
Diupdate
█ 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
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
Catatan Rilis
Bugfix: up/down candle colors were inverted.Catatan Rilis
Updated chart to reflect correction of up/down candle colors that were inverted.Catatan Rilis
Updated chart to show the 1 minute timeframe.Catatan Rilis
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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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