Tick up/down

1 thg 4, 2022

With this script I aim to explore 'ticks' a bit more (only on realtime - live bars).

... if trading is currently active on the chart’s symbol, then Pine indicators will execute once every time an update occurs, i.e., price or volume changes ...
(https://www.tradingview.com/pine-script-docs/en/v5/language/Execution_model.html)

On every bar, everything gets reset.
During bar development, every time there is an update (tick), a dot is placed.
If for example there is 1 tick (first of new bar), a dot will be placed on 1,
if it is the 8th tick off that bar, there will be a dot placed on 8.

Colours:
- if price is higher than previous tick price -> green
- if price is lower than previous tick price -> red
- otherwise -> blue (dimmed)

Because of the maximum allowed amount of plot's, I only can plot max. 32 dots, so max. 32 ticks.

Therefore this script is only useful on a 1 sec or 5 sec chart.

Otherwise, all ticks - updates more than 32/bar won't be displayed.

Frankly, I'm not sure about the benefit for trading, this script can be seen more as exploring what is out there.

Cheers!

2 thg 4, 2022

Phát hành các Ghi chú

I've changed the script so you can set different scripts on top of each other.

Each script is limited to max 32 ticks/updates per bar, so if one bar has max 32
ticks/updates, 1 script is enough (ex. 1s or 5s)
In this example (1 minute TF), 1 bar has a lot more ticks/updates.
https://www.tradingview.com/x/QgIvbWHO/

Now you can set for example 5 scripts on top of each other,
- the first one is set at 'start' 1 -> from tick 1 to 32 (the script counts 31 lines/ticks/updates above 'start')
- following is set 'start' 33, from tick 33 to 64
- next -> 65 to 96
- next -> 97 to 128
- next -> 129 to 160

In this way we can go to 160 ticks/update, which means, in this case, a 1 minute TF can show all ticks per bar

5 minutes won't be possible with highly traded markets, you would need 25 scripts or so, they would be squeezed together, making it illegible

Cheers!