TICK Charting & Divergences

3 Jan

Overview
The TICK index measures the number of NYSE stocks making an uptick versus a downtick. This indicator identifies divergences between price action and TICK readings, potentially signaling trend reversals.

Key Features

• Real-time TICK monitoring during market hours (9:30 AM - 4:00 PM ET)
  
• Customizable smoothing factor for TICK values
  
• Regular and hidden divergences detection
  
• Reference lines at ±500 and ±1000 levels
  
• Current TICK value display
  

TICK Internals Interpretation

• Above +1000: Strong buying pressure, potential exhaustion
  
• Above +500: Moderate buying pressure
  
• Below -500: Moderate selling pressure
  
• Below -1000: Strong selling pressure, potential exhaustion
  

Best Practices

• Use in conjunction with support/resistance levels, market trend direction, and time of day.
  
• Higher probability setups with multiple timeframe confirmation, divergence at key price levels, and extreme TICK readings (±1000).
  

Settings Optimization

• Smoothing Factor: 1-3 (lower for faster signals)
  
• Pivot Lookback: 5-10 bars (adjust based on timeframe)
  
• Range: 5-60 bars (wider for longer-term signals)
  

Warning Signs

• Multiple failed divergences
  
• Choppy price action
  
• Low volume periods
  
• Major news events pending
  

Remember: TICK divergences are not guaranteed signals. Always use proper risk management and combine with other technical analysis tools.

3 Jan

Nota Keluaran

Updated with better chart image.

3 Jan

Nota Keluaran

Updated naming in indicator pane.