Market TICK Bars [ST]

**Market TICK Bars [ST]** is a market breadth indicator designed to visualize the raw "Net Tick" value of the broader market.

Unlike standard price charts, the TICK index measures the number of stocks on an uptick minus the number of stocks on a downtick at any given moment. This tool is essential for intraday traders looking to gauge true market sentiment and identify exhaustion points.

### 🛠 Key Features

1. **Net Value Histogram:**
* Displays the TICK data as a clean histogram.
* **Green Bars:** Positive Net Tick (Buying Pressure).
* **Red Bars:** Negative Net Tick (Selling Pressure).

2. **Institutional Reference Levels:**
* Includes pre-defined horizontal lines based on institutional trading standards (e.g., SMB Capital logic).
* **Zero Line:** The baseline for sentiment.
* **+/- 600 (Tension Zone):** Indicates the market is becoming stretched. Often acts as support/resistance in trending markets.
* **+/- 1000 (Extreme Zone):** Indicates likely exhaustion or "Capitulation." High probability of a mean reversion or bounce.

3. **Standardization [ST]:**
* Part of the [ST] suite with English-native codebase.
* Optimized for performance using `request.security`.

### 📚 How to Use

* **Trend Confirmation:** If the market (SPY/QQQ) makes a new high, but the TICK fails to make a new high (Divergence), the rally may be weak.
* **Exhaustion Plays:** When TICK hits **+1000** or **-1000**, look for reversal setups on the main index, as the buying/selling pressure is likely unsustainable in the short term.
* **Choppy Market:** If TICK stays between **-600** and **+600**, the market is likely in a range/chop.

### ⚙️ Settings

* **Symbol:** Default is set to `USI:TICK`. Depending on your data feed, you may want to change this to `NYSE:TICK` or another specific exchange ticker.

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*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*