Adjusted Cumulative TICK MA TradeStation Indicator

Brett Steenbarger uses the Cumulative Adjusted TICK indicator to look for intraday momentum divergences in stock indexes. This is the 100-period average of (20-day TICK average + Current TICK). If you match it with ES be sure to set it to Regular Trading Hours.

TradeStation code:

Input: Price(((H+L+C)/3) of data1), AvgLength(7800), Avg2Length(100);
Var: Avg1(0), Avg2(0);
Avg1 = Average(Price,AvgLength);
Value1 = Avg1 + Price;
Avg2 = Average(Value1, Avg2Length);
Plot1(Avg2, "AdjTICKMA", White);