The TICK Tomoscillator is also included in the QE Indicators/Functions for Tradestation package which can be downloaded by all subscribers for free.
The study below uses the Tomoscillator % Rank reading rather than just the raw reading. It was last seen in the 6/13/11 Letter. I updated the results.
While instances are a little low we see what appears to be a strong inclination for the market to bounce immediately, and then eventually follow through with more upside.
For more TICK related research from Quantifiable Edges, you may use the link below: