This indicator will show the NYSE $TICK index as a lower study in your ThinkorSwim. Great for anyone who wants to easily track the market internal while looking at the indices like SPY.
- When TICK value is above 800 = market is considered overbought
- When TICK value is below -800 = market is considered oversold

thinkScript Code
Code:
# Simple TICK
# Assembled by BenTen at UseThinkScript.com
declare lower;
def value = close("$TICK");
plot tick = value;
plot ob1 = 800;
plot ob2 = 1000;
plot os1 = -800;
plot os2 = -1000;
tick.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
ob1.assignvaluecolor(color.light_red);
ob2.assignValueColor(color.red);
os1.assignvaluecolor(color.light_green);
os2.assignValueColor(color.green);