DF: Horizontal Levels and Colors for NYSE TICK Chart

15. Okt. 2024

DF: Horizontal Levels and Colors for NYSE TICK Chart

This is intended to be added very specifically to your NYSE TICK chart.

This script creates a custom indicator designed to enhance the visual analysis
of market breadth through the NYSE TICK data. It features:

1. **Horizontal Levels**:
- **1300 and -1300**: Gray lines indicating extreme bullish and bearish conditions.
- **1000 and -1000**: Light red and green lines representing significant support and resistance zones.
- **850 and -850**: Customizable blue lines that can be adjusted according to user preferences.

**Zero Line**: A solid white line marking the neutral point, drawn prominently for quick reference.


2. **Color Fills**:
- Red fill between 1000 and 1300 to highlight extreme bullish sentiment.
- Green fill between -1000 and -1300 to signify extreme bearish sentiment.


3. **Exponential Moving Average (EMA)**:
- Calculated based on user-defined length (default set to 8).
- The EMA line's color dynamically adjusts based on its slope:
- White when trending upwards.
- Magenta when trending downwards, providing quick visual cues of market momentum.


Overall, this script serves as a powerful tool for traders seeking to visualize market trends, support and resistance levels, and market breadth through the NYSE TICK data, enhancing their decision-making process in trading.

15. Okt. 2024

Versionshinweise

Fixed the INPUTS and STYLE...

no more duplicates, same final look, easier to get there

15. Okt. 2024

Versionshinweise

//ADDED opptional Heiken Ashi Alerts (above and below bar)... can helps show trending, will be slower than Traditional Candle