$TICK & TICKQ Sentiment Indicator

The TICK & TICKQ Sentiment Indicator is a versatile tool for traders analyzing the NYSE Tick Index (TICK) or Nasdaq Tick Index (TICKQ) to gauge market sentiment. It provides clear visual signals, a customizable moving average, and statistical insights to identify bullish and bearish conditions in real-time.

Key Features:

• Sentiment Signals: Green triangle (▲) labels at a user-defined level (default: +1200) when the Tick closes above zero, and red triangle (▼) labels (default: -1200) when below zero, indicating bullish or bearish sentiment.
  
• Adjustable Moving Average: Plots a customizable moving average (SMA, EMA, WMA, VWMA, SMMA, HullMA) with user-defined length (default: 14) to smooth Tick data and highlight trends.
  
• Close Statistics: Displays the percentage of positive and negative Tick closes over a user-specified lookback period (default: 100) in a customizable table (position and font size adjustable).
  
• Threshold Lines: Includes reference lines at +800/-800 (gold) and +1000/-1000 (red) to mark key Tick levels, plus a zero line (gray, dashed) for context.
  
• Customizable Display: Adjust symbol sizes (tiny, small, normal, large, huge), table position (top-right, top-left, etc.), and table font size for a tailored chart experience.
  

How to Use:

1. Apply the indicator to a TICK or TICKQ chart (e.g., TVC:TICK, TVC:TICKQ) on an intraday timeframe (e.g., 1-minute, 5-minute).
   
   In the settings: Set the TICK Symbol to your broker’s NYSE Tick (USI:TICK) or Nasdaq Tick (USI:TICKQ) symbol.
   Adjust Top Level and Bottom Level (default: +1200/-1200) to position sentiment signals at chart edges.
   Set Moving Average Length and Type to suit your analysis.
   Configure Lookback Period for close percentage calculations.
   Customize Dot Size, Table Position, and Table Font Size for optimal visibility.
   
2. Monitor green/red triangles for sentiment, the moving average for trends, and the table for statistical insights.

Notes:

• This indicator is designed for both TICK (NYSE Tick) and TICKQ (Nasdaq Tick, NQ Tick), allowing analysis of either market’s breadth.
  
• Ensure your chart’s timeframe supports TICK or TICKQ data.
  
• Adjust Top Level/Bottom Level if symbols don’t appear at chart edges due to scaling.
  
• Labels may stack with frequent signals; contact the developer for customization to limit frequency.
  
• No symbol appears if the Tick closes at 0; a neutral marker can be added upon request.
  

Ideal For:

• Day traders and scalpers using TICK or TICKQ to gauge market breadth.
  
• Analysts seeking customizable visualizations and statistical insights for Tick data.
  

Created by northfieldwhale.