UM Market Internals Table: TICK / PUT-CALL / ADV-DEC / VIX

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MARKET INTERNALS DASHBOARD
Real-time intraday breadth, sentiment & volatility — all in one table
Inspired by John Carter's book, Mastering the Trade.

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SUMMARY
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A real-time dashboard that consolidates four key market internals into a single color-coded table overlay. Designed to give traders an at-a-glance read on intraday market breadth, sentiment, and volatility bias — all configurable to fit individual trading styles.

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INDICATOR PARAMETERS
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TICK — Measures the net number of NYSE stocks ticking up versus down at any given moment. A high positive reading signals broad buying pressure; a deeply negative reading signals broad selling. Extreme readings (climax buy / capitulation) often mark short-term exhaustion and potential reversals.

PUT/CALL RATIO — Tracks the ratio of put options traded relative to call options, interpreted on a contrarian basis. A high ratio reflects fear and heavy hedging (bullish signal); a low ratio reflects complacency and call-heavy positioning (bearish signal).

ADV-DEC (Advance/Decline) — Measures the number of advancing stocks minus declining stocks on the NYSE. Strong positive readings confirm broad participation in a rally; strong negative readings confirm broad-based selling. Extreme readings may signal breadth exhaustion.

VIX — Rather than using the raw VIX level, this indicator applies a user-selected moving average (SMA, EMA, WMA, or Nadaraya-Watson Estimator) and reads the direction of that average. A falling VIX MA is interpreted as bullish (fear subsiding); a rising VIX MA is interpreted as bearish (fear increasing). This is a directional bias signal, not a level-based threshold.

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HOW IT WORKS
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Each internal is fetched via request.security() on a user-defined timeframe (default 5-minute for TICK, Put/Call, and ADV-DEC). VIX is plotted on the chart's native timeframe.

TICK, Put/Call, and ADV-DEC are evaluated against configurable thresholds to produce a rating label (e.g. BUYING, NEUTRAL, SELLING). The label and its cell background are color-coded: green for bullish readings, red for bearish, and yellow for neutral or mixed conditions.

VIX bias is determined by the slope of the selected moving average. The Nadaraya-Watson Estimator (NWE) option uses a kernel-smoothed regression curve — a shorter bandwidth (h) produces a more reactive curve; a larger h produces a smoother one.

The table displays three rows per column: the indicator label (header), the live numeric value, and the current rating.

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DEFAULT SETTINGS
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Internals timeframe: 5-minute

TICK: Neutral |TICK| ≤ 200 | Buying/Selling ≥600/≤−600 | Extreme ≥1000/≤−1000 | Climax/Cap. ≥1200/≤−1200
Put/Call: Extreme bullish ≥1.10 | Bullish ≥0.90 | Neutral 0.65–0.85 | Bearish ≤0.55 | Extreme bearish ≤0.45
ADV-DEC: Neutral |ADV-DEC| ≤500 | Bullish/Bearish ≥800/≤−800 | Strong ≥2000/≤−2000 | Climax/Cap. ≥3500/≤−3500
VIX MA: Type EMA | Length 8 | NWE h/r/length 7.0/6.0/6

Table position: Bottom right | Alerts: Off by default

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SUGGESTED USES
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Trend confirmation — When TICK, ADV-DEC, and VIX all agree, treat it as confirmation of an intraday trend. Look for entries aligned with that trend on your primary chart.

Fade setups — Climax Buy on TICK + Extreme Bullish Put/Call can signal short-term exhaustion. TICK Capitulation + Extreme Bearish P/C can flag washout lows worth fading.

Breadth divergence — If price makes new highs but ADV-DEC is weakening, use this as a caution flag rather than a directional signal.

VIX directional bias — A sustained bearish VIX bias suggests wider stops and reduced long exposure. A bullish VIX bias supports a more aggressive long-side approach.

Timeframe alignment — Designed for 1-, 3-, or 5-minute charts. Raise the internals timeframe to 15 minutes if you see "unsupported resolution" errors.

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ALERTS
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16 alert conditions available — all off by default.

Step 1: Open Settings → Alerts group → toggle on desired alerts.
Step 2: Click the clock icon in TradingView → Create Alert → set condition to this indicator → pick the specific alert → save.

Alerts fire on bar close at threshold crossings only (not repeatedly).
Tip: right-click the table on your chart and select "Add alert."

Available alerts:
TICK: Buying, Extreme buying, Selling, Extreme selling, Capitulation
Put/Call: Bullish, Extreme bullish, Bearish, Extreme bearish
ADV-DEC: Bullish, Extreme bullish, Bearish, Extreme bearish, Capitulation
VIX: Bullish (MA turns down), Bearish (MA turns up)

Alert quick tip: right click the table and select Alert for quick setup.

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