OPEN-SOURCE SCRIPT

TICK Bias Timer with EMA Position

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📌 Description
This indicator tracks the time in minutes that the Exponential Moving Average (EMA) of the NYSE TICK remains above or below the zero line. It serves as a powerful market breadth confirmation tool to support your intraday directional bias.

Rather than focusing on momentary TICK spikes, this tool emphasizes duration and persistence of buying/selling pressure across the entire NYSE – helping traders stay on the right side of the flow.

🔧 Features
✅ Measures how long the EMA of TICK stays above or below 0

✅ Visual plots of upward and downward pressure duration (in minutes)

✅ Background color changes based on EMA position relative to 0

✅ Automatic daily reset at a customizable time (e.g. 15:30 for RTH open)

✅ Gap filter to avoid spikes during overnight or weekend sessions

✅ Clean, minimalist design – built for real-time decision making

🎯 How to Use
EMA > 0 for 10+ minutes → sustained bullish breadth → intraday bullish bias

EMA < 0 for 10+ minutes → sustained bearish breadth → intraday bearish bias

Frequent flip between sides → uncertain or choppy market → trade with caution

Can be used in confluence with Volume Profile, VWAP, price action, and Bookmap to reinforce trade setups.

💡 Ideal For:
Scalpers looking for flow confirmation

Day traders who want to filter fake strength/weakness

Professionals using TICK, ADD, VVOLD, and other internals for decision-making

Penafian

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