I’ve taken the original TICK indicator and gone a few steps further. The plot more closely resembles a bar chart now and the bars are colored based on three options. First you can color the bars based on the slope of the nine period EMA of the TICK. Second you may color the bars based on whether that same nine period EMA is above or below the zero line as pictured below. Lastly, you can color any bars where the range of the TICK readings is greater than an input threshold. These bars are magenta and they provide an extreme volatility warning of sorts. Note that if you use this on a larger timeframe, you’ll probably want this option off. As before, extreme TICK readings are flagged with a yellow triangle also based on user-defined threshold values. The highest high TICK and lowest low TICK are indicated by the dashed lines in the extreme region. Lastly, the centerline of the indicator changes color based on the trend of the TRIN indicator. There are two methodologies for detecting the trend to choose from.
As with any study, you can turn on and off the parts of the indicator you would like to see in the control panel.
TICK + TRIN
Thank you! this is great, looking fwd to testing it out tomorrow. Any suggestions on what time it has had the best result?
Also, I was wondering if you have by any chance created a “hourly pivots” for the ES?
Thanks,
Jack
Sweet. I am going to load this up and do some testing. Thank you so much man.
There is no ToS TICK or TRIN data available on tick charts so it will only work on time based charts.
I noticed on your chart you were able to color your bars red and blue. How did you do that?
I want to color bars based off an indicator and it’s relation to the zero line. I e-mailed TOS support and they told me that you could not color the bars in the chart based off indicators.
Any help or information would be greatly appreciated! You can shoot me an e-mail at jtmurph_2@yahoo.com if you want to talk further about what I’m trying to do.
Thanks in advance.
Ah…I see. Thank you for the follow up, I appreciate it.
Do you know of a way to change the color of a bar based on an indicator, or are the TOS people telling the truth?
Thanks again.
There is CURRENTLY no way to do this but I am told that it is coming in a future release.
-TS
Thanks for the tick
What is the stops points that can be seen on that chart. Is it available in tos ?
Thanks
That is my stops script. I have not released it yet.
Nice! Glad I donated beer money last week. I hope to make it a regular occurance.
Keep up the good work!
-David
thanks for all your wonderful indicators , just a friendly suggestion, if youever feel bored might want to look into the laguerre indicator many traders combine it with a MACD and TOS doesnt hav it http://activequant.org/?q=node/522
bye and keep up the good work greatly appreciate it
TS,
Could you tell me what the dots on the graph are? It looks like they are a StopSueyTS study? A custom indicator you made? Please let me know, thanks.
TS,
It looks like a good one.
Thanks for the quick reply. I hope to see it someday
How do u make this indicator work on a 512 tick chart..it seems to only work on the minute charts
Dear sir,
Please tell me how to get software and webside of trin
indicator of real-time , it is just like as you post it in THINK SCIPTER
I am looking forward to your reply as sson as
best regards
my email: hw37059.hw37059@msa.hinet.net
Jen,
Please see the Donations page for instructions.
Eric
[...] http://www.thinkscripter.com/2009/02/23/tick-trin-indicator/ [...]
Hello Eric!
So many thanks for your fantastic studies!
Unfortunately, I have a small issue with TICK+TRIN which fails to display highest/lowest tick line and bubble. It looks like nobody else has complained about it, at least in this thread, so perhaps the problem itself is with my tos application.
Still, any suggestions will be much appreciated.
Thanks!
-speck-
Thanks for the heads up….I will see what I can do.
-Eric
I don’t see any problems….are you using the version dated 09 Aug 2009?
-Eric
Murph,
Those are Heikin-Ashi candlesticks – a built in ToS function. I just changed the color to red/blue in the style settings.
-TS
StopSueyTS is a combination of 4 (currently) user-selectable different trailing stop mechanisms in one indicator. It is not finished yet, however.
-TS