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.

Versionshinweise

Updated with better chart image.

3. Jan.

Versionshinweise

Updated naming in indicator pane.