This is a bundle of three indicators that analyze the NYSE TICK index ($TICK), including Tick Divergences, Extreme Tick Alerts, and Cumulative Tick indicators.
The Tick Divergence indicator plots red and green arrows on the price chart when there is a divergence between the price and the tick index. It also shows trendlines on the most recent bullish and bearish divergence to make it easier to see. You can choose the type of divergences to show - either regular or reverse divergences. A regular bearish divergence occurs when price is making higher highs, while the ticks are making lower highs. A reverse (or hidden) divergence is when the ticks are making higher highs, while price is making lower highs. Bullish divergences are reversed.
The Extreme Tick Alerts indicator shows white arrows when the ticks reach extreme levels (like +1,000 or -1,000). When the ticks hit these levels, it means the market has exhausted itself, and is severely overbought or oversold. You can choose to either show arrows for all extreme tick readings, or for only the first extreme tick readings of the day. You can receive audio alerts when the ticks reach these extreme levels, as well as other levels such as 800 or 600. These levels can be changed to any numbers you want.
The Cumulative Tick indicator sums the ticks throughout the day to remove the "noise" and give you a clearer picture of what the ticks are doing. This indicator can be used to determine the overall trend in the ticks or to filter the direction of trades to take.
All three indicators can also be used with other market internals as well ($TIKI, $TIKND, $TICK/Q, etc.). These indicators work with stocks and stock indices on intraday time-based charts.