Traditionally, the TICK index is a technical analysis indicator that shows the difference in the number of stocks that are trading on an uptick vs a downtick in a particular period of time. This indicator allows user to choose up to 40 tickers to calculate TICK.
By default, it uses the SPY Top 40 stocks, but can be changed to any tickers.
There are options to show: - Top 7 , ie. can be used for just showing TICK for FAANGMT => FB + AMZN + AAPL + NFLX + GOOG + MSFT + TSLA - Top 10 - Top 20 - Top 30 - Top 40
Data can be displayed in candle bars, line, or both.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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