OPEN-SOURCE SCRIPT
Market TICK Bars [ST]
**Market TICK Bars [ST]** is a market breadth indicator designed to visualize the raw "Net Tick" value of the broader market.
Unlike standard price charts, the TICK index measures the number of stocks on an uptick minus the number of stocks on a downtick at any given moment. This tool is essential for intraday traders looking to gauge true market sentiment and identify exhaustion points.
### 🛠 Key Features
1. **Net Value Histogram:**
* Displays the TICK data as a clean histogram.
* **Green Bars:** Positive Net Tick (Buying Pressure).
* **Red Bars:** Negative Net Tick (Selling Pressure).
2. **Institutional Reference Levels:**
* Includes pre-defined horizontal lines based on institutional trading standards (e.g., SMB Capital logic).
* **Zero Line:** The baseline for sentiment.
* **+/- 600 (Tension Zone):** Indicates the market is becoming stretched. Often acts as support/resistance in trending markets.
* **+/- 1000 (Extreme Zone):** Indicates likely exhaustion or "Capitulation." High probability of a mean reversion or bounce.
3. **Standardization [ST]:**
* Part of the [ST] suite with English-native codebase.
* Optimized for performance using `request.security`.
### 📚 How to Use
* **Trend Confirmation:** If the market (SPY/QQQ) makes a new high, but the TICK fails to make a new high (Divergence), the rally may be weak.
* **Exhaustion Plays:** When TICK hits **+1000** or **-1000**, look for reversal setups on the main index, as the buying/selling pressure is likely unsustainable in the short term.
* **Choppy Market:** If TICK stays between **-600** and **+600**, the market is likely in a range/chop.
### ⚙️ Settings
* **Symbol:** Default is set to `USI:TICK`. Depending on your data feed, you may want to change this to `NYSE:TICK` or another specific exchange ticker.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
Unlike standard price charts, the TICK index measures the number of stocks on an uptick minus the number of stocks on a downtick at any given moment. This tool is essential for intraday traders looking to gauge true market sentiment and identify exhaustion points.
### 🛠 Key Features
1. **Net Value Histogram:**
* Displays the TICK data as a clean histogram.
* **Green Bars:** Positive Net Tick (Buying Pressure).
* **Red Bars:** Negative Net Tick (Selling Pressure).
2. **Institutional Reference Levels:**
* Includes pre-defined horizontal lines based on institutional trading standards (e.g., SMB Capital logic).
* **Zero Line:** The baseline for sentiment.
* **+/- 600 (Tension Zone):** Indicates the market is becoming stretched. Often acts as support/resistance in trending markets.
* **+/- 1000 (Extreme Zone):** Indicates likely exhaustion or "Capitulation." High probability of a mean reversion or bounce.
3. **Standardization [ST]:**
* Part of the [ST] suite with English-native codebase.
* Optimized for performance using `request.security`.
### 📚 How to Use
* **Trend Confirmation:** If the market (SPY/QQQ) makes a new high, but the TICK fails to make a new high (Divergence), the rally may be weak.
* **Exhaustion Plays:** When TICK hits **+1000** or **-1000**, look for reversal setups on the main index, as the buying/selling pressure is likely unsustainable in the short term.
* **Choppy Market:** If TICK stays between **-600** and **+600**, the market is likely in a range/chop.
### ⚙️ Settings
* **Symbol:** Default is set to `USI:TICK`. Depending on your data feed, you may want to change this to `NYSE:TICK` or another specific exchange ticker.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。