DF: Horizontal Levels and Colors for NYSE TICK Chart

15 oct 2024

DF: Horizontal Levels and Colors for NYSE TICK Chart

This is intended to be added very specifically to your NYSE TICK chart.

This script creates a custom indicator designed to enhance the visual analysis
of market breadth through the NYSE TICK data. It features:

1. **Horizontal Levels**:
- **1300 and -1300**: Gray lines indicating extreme bullish and bearish conditions.
- **1000 and -1000**: Light red and green lines representing significant support and resistance zones.
- **850 and -850**: Customizable blue lines that can be adjusted according to user preferences.

**Zero Line**: A solid white line marking the neutral point, drawn prominently for quick reference.


2. **Color Fills**:
- Red fill between 1000 and 1300 to highlight extreme bullish sentiment.
- Green fill between -1000 and -1300 to signify extreme bearish sentiment.


3. **Exponential Moving Average (EMA)**:
- Calculated based on user-defined length (default set to 8).
- The EMA line's color dynamically adjusts based on its slope:
- White when trending upwards.
- Magenta when trending downwards, providing quick visual cues of market momentum.


Overall, this script serves as a powerful tool for traders seeking to visualize market trends, support and resistance levels, and market breadth through the NYSE TICK data, enhancing their decision-making process in trading.

15 oct 2024

Notas de prensa

Fixed the INPUTS and STYLE...

no more duplicates, same final look, easier to get there

15 oct 2024

Notas de prensa

//ADDED opptional Heiken Ashi Alerts (above and below bar)... can helps show trending, will be slower than Traditional Candle