OPEN-SOURCE SCRIPT
Aggiornato

TICK Extreme Levels & Alerts

275
Automatically draws horizontal lines at +1000 and -1000 TICK levels
Sends alerts when TICK crosses those levels (for potential scalping/reversal setups)

Strategy: How to Use TICK in Real-Time Trading

1. Confirm Market Breadth

Use TICK to confirm broad participation in the move:
• Long S&P futures or SPY? Only buy breakouts if TICK is above +600 to +1000
• Shorting? Confirm with TICK below –600 to –1000


2. Fade Extremes for Scalps

Look for reversals at extreme levels:
• Fade +1200+: market likely overbought short term → scalp short
• Fade –1200–: market likely oversold → scalp long

Use in combo with other signals (like price exhaustion, candlestick reversal, or VWAP touches)


3. Avoid Trading in the Choppy Zone

If TICK remains between –400 and +400, institutions are not committed. This is where fakeouts are common.


4. Time Entries with TICK Swings

For example:
• TICK moves from –800 to +600 = momentum shift → look for long entries
• TICK stalling around +1000 = momentum climax → partial profit or fade play
Note di rilascio
Clear code
Note di rilascio
Updates to ver6
removed drawings and alerts
Note di rilascio
Updated removed drawings

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.