OPEN-SOURCE SCRIPT

Cumulative Tick

Updated

This is a script that I use to plot the cumulative TICKS. It resets at the beginning of the session (or whatever time is entered on the input variable) and then starts adding, or subtracting if negative).

Release Notes

This version actually does what was intended. The old version was full of bugs

Release Notes

Updated color of bar will be in relation to Moving Average and not whether it is above or below 0.

Fixed Moving Average bug

Release Notes

Change Log:

Updated to version 4 (from version 2)
changed code-base to one that works on version 4. Thanks to PineCoders-LucF!
Added a range for reset time
added label to measure the gap between a moving average and the cumulative tick

More Info:
- The gap between the moving average and the cumulative tick is an improvement over previous versions. I use this spot changes in sentiment to plan my entry/exit. If the market is trending and the gap starts getting narrower (closer to zero) then I may start taking a few contracts off my position. If I am trying to play a countertrend trade, I may use the gap to start planning my entry.

Release Notes

Fixed Average Gap

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.

Want to use this script on a chart?

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