Visualizing Live Tick Progression on TradingView Charts
Summary
This indicator displays price updates as they arrive on the current real-time bar. In tick up/down mode, it places a dot at each update’s sequence number; in tick progression modes, it marks updates on the candle with symbols that shift horizontally. Colors show whether the latest price rose, fell, or stayed unchanged relative to the previous update. Users can choose symbols, label size, candle display, and the maximum stored labels.
The document explains the visualization and its constraints, but provides no trading rules or evidence of predictive value. It is limited to live bars and may not reproduce a complete tick history after the label limit is reached. Labels may not align exactly with prices, and dense updates or higher timeframes can cause overlap or drawing issues. The author considers timeframes above five minutes generally impractical, while noting that lower timeframes can also introduce display problems.
Key ideas
- The indicator records price updates only while the current bar is live.
- Tick up/down mode places dots according to the update count within each bar.
- Tick progression mode offsets symbols across a candle and colors them by price change.
- A label cap can remove earlier marks, so the display does not preserve unlimited tick history.
- Crowding, alignment errors, and timeframe effects limit chart readability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.