OPEN-SOURCE SCRIPT
TICK Indikator

English:
The TICK Indicator measures in real time the number of up ticking stocks minus the number of down ticking stocks on the New York Stock Exchange (NYSE). It can display either the current TICK value ("Normal" mode) or the cumulative TICK values over the trading day ("Cumulative" mode). Positive values indicate market strength, while negative values signal weakness. Colored bars visualize momentum: green shades for rising, red for falling values. The zero line acts as a reference between buying and selling pressure.
Interpretation:
> +1000 and/or continuos lows above 0 → strong buying pressure
< -1000 and/or continuos highs below 0 → strong selling pressure
Around 0 → balanced market
Deutsch:
Der TICK Indikator misst in Echtzeit die Anzahl der Aktien, die an der New York Stock Exchange (NYSE) steigen, minus der Anzahl der fallenden Aktien. Der Indikator kann im "Normal"-Modus den aktuellen TICK-Wert anzeigen oder im "Cumulative"-Modus die kumulierten TICK-Werte über den Tag hinweg summieren. Positive Werte deuten auf eine allgemeine Markstärke hin, während negative Werte Schwäche signalisieren. Farbige Balken visualisieren die Dynamik: grüne Töne bei steigenden, rote bei fallenden Werten. Die Nullinie dient als Referenzpunkt zwischen Kauf- und Verkaufsdruck.
Interpretation:
> +1000 und/oder mehrere aufeinander folgende Tiefs über 0 → starker Kaufdruck
< -1000 und/oder mehrere aufeinander folgende Hochs unter 0 → starker Verkaufsdruck
Nahe 0 → ausgeglichener Markt
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.