This is version 2 of my study.
I added a cloud on the moving averages. Visualization is key for me.
This study creates a representation of the NYSE TICK.
The 3 rows of squares across the top change colors as the tick goes above 100, 200, and 300: or below -100, -200, and -300. The colors are either bullish or bearish colors (self explanatory).
The zero line will change colors bullish or bearish based on breadth ratio.
The squares at the bottom will turn bullish or bearish colors if the breadth goes positive and tick is above 200 or breadth goes negative and tick is below -200.
The image is on a 1 min chart and I use it to fine tune entries.
It is useful for other time periods.
It is useful with a MACD or CCI. Any other study for trend following.
I use this with a cumulative tick indicator like Bru_Cumulative and it really helps light the way.
Category ThinkOrSwim
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