Tick is kind of all over the board. The blue line is a 21 day simple moving average.
The original chart idea was from "Ultra" on Evil Spec.
Tick has broken down, although the market continues to levitate. Although I would take this as a bearish sign, and a sign of the manipulation, POMO and what not, of the markets.
I also generated a bunch of other moving averages, the 21 day does see to speak quite well, that is approximately a complete moon cycle if you believe in such things.
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Insightful and Useful Comment!