![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFPv3bwCsH1hoDR5mSc8v1UPXw18P7V3vieccekoeF5kCR5zAPRrL9f0ivtq5smab9i39ncg3x_gNdSa3qpDIEUikYA8IlXAnxlfzoteVyyV8flCv7uK12EgY_RqefFWFMCNeJ/s320/TICKOsc032510.gif)
Here we see a four-hour moving average of NYSE TICK (pink line) plotted against SPY (blue line) from March 17th through today's session.
Such a moving average of TICK acts as a short-term overbought-oversold measure. It also highlights when stocks might be making new lows and new highs when selling and buying pressure are waning--nice indications of potential reversals.
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