$TICK & TICKQ Sentiment Indicator

The TICK & TICKQ Sentiment Indicator is a versatile tool for traders analyzing the NYSE Tick Index (TICK) or Nasdaq Tick Index (TICKQ) to gauge market sentiment. It provides clear visual signals, a customizable moving average, and statistical insights to identify bullish and bearish conditions in real-time.
Key Features:

• Sentiment Signals: Green triangle (▲) labels at a user-defined level (default: +1200) when the Tick closes above zero, and red triangle (▼) labels (default: -1200) when below zero, indicating bullish or bearish sentiment.
  
• Adjustable Moving Average: Plots a customizable moving average (SMA, EMA, WMA, VWMA, SMMA, HullMA) with user-defined length (default: 14) to smooth Tick data and highlight trends.
  
• Close Statistics: Displays the percentage of positive and negative Tick closes over a user-specified lookback period (default: 100) in a customizable table (position and font size adjustable).
  
• Threshold Lines: Includes reference lines at +800/-800 (gold) and +1000/-1000 (red) to mark key Tick levels, plus a zero line (gray, dashed) for context.
  
• Customizable Display: Adjust symbol sizes (tiny, small, normal, large, huge), table position (top-right, top-left, etc.), and table font size for a tailored chart experience.
  

How to Use:

1. Apply the indicator to a TICK or TICKQ chart (e.g., TVC:TICK, TVC:TICKQ) on an intraday timeframe (e.g., 1-minute, 5-minute).
   
2. In the settings:
   - Set the TICK Symbol to your broker’s NYSE Tick (USI:TICK) or Nasdaq Tick (USI:TICKQ) symbol.
   - Adjust Top Level and Bottom Level (default: +1200/-1200) to position sentiment signals at chart edges.
   - Set Moving Average Length and Type to suit your analysis.
   - Configure Lookback Period for close percentage calculations.
   - Customize Dot Size, Table Position, and Table Font Size for optimal visibility.
   
3. Monitor green/red triangles for sentiment, the moving average for trends, and the table for statistical insights.

Notes:

• This indicator is designed for both TICK (NYSE Tick) and TICKQ (Nasdaq Tick, NQ Tick), allowing analysis of either market’s breadth.
  
• Ensure your chart’s timeframe supports TICK or TICKQ data.
  
• Adjust Top Level/Bottom Level if symbols don’t appear at chart edges due to scaling.
  
• Labels may stack with frequent signals.
  
• No symbol appears if the Tick closes at 0; a neutral marker.
  

Ideal For:

• Day traders and scalpers using TICK or TICKQ to gauge market breadth.
  
• Analysts seeking customizable visualizations and statistical insights for Tick data.
  

Created by northfieldwhale.