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Alternative Tick Indicator


  The indicator shows the mood of the weak side and can be used for both intraday trading and scalping. Everything will depend on the context of the graph.

  This indicator builds a price chart in the form of blocks (vertical rectangles occupying three price levels each), somewhat resembling renko bars. The construction principle is based on a certain change in the BID and ASK levels (explanations on the screenshot). When the indicator is installed, the main chart becomes invisible and blocks are drawn on a white field.

  The indicator works only with real stock tick data. BID-ASK ticks and data from the deal feed are used for calculations. The indicator was tested on the CME exchange on instruments with a narrow and stable spread (futures for the S

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