OPEN-SOURCE SCRIPT
TICK Strength Background Shade
Updated
This indicator shades the background of each candle based on the strength off the current TICK.US chart. User can define the strength levels, which are by default set to 1-299 (lightest), 300-599, and 600+ (darkest). Best used on lower timeframe charts to help identify whether or not to remain in a trend, or if a trend is possibly reversing when you start to see the opposite color begin to appear following a trend.
Release Notes
Modified symbol from TICK.US to TICK as a better representative of overall market breadth.Release Notes
Picture Update.Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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