PREMIUM: Iceberg Tick

ShadowTrader Iceberg Tick thinkScript

Peter has been touting the power of the NYSE tick indicator for years and years.  It’s been in the lower left corner of the “quad” forever and it is simply one of the most reliable intraday indicators there is.  The TRIN and others have come and gone but the TICK continues to have value to the short term trader.

Now the minds at ShadowTrader have given this reliable indicator a fresh coat of paint.  As opposed to just plotting the tick with candlesticks, OHLCs, or lines, the Iceberg Tick paints the space between zero and the highs in green and that same space between zero and the lows in red.  This much better illustrates the concept of how much time is being spent in positive or negative territory.  Traders who know how to use the TICK know that this is what really matters in terms of sustaining intraday direction, not how high or low the extremes are.

ShadowTrader Iceberg Tick

Paints positive and negative tick action in real time as colored space above and below zero.

  • Can be used on any TICK indicator including Nasdaq or S&P.
  • Colors of outlines are customizable
  • Upper and lower boundary lines customizable
  • Includes detailed video with instructions on how to insert and customize in your thinkorswim platform


Also available for TradingView!  CLICK HERE