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2010.12.22 08:33
Tick Chart

Tick Chart - indicator for MetaTrader 4

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Tick Chart

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This is a mod of Tick_on_Chart by Scriptor ?

Description:

Shows the tick chart in a separate window, with Ask line. The three additional variations plot the Median, Typical and Weighted candle prices aswell.

The price lines can be used for support/resistance and to gauge the direction of movement, also for trading signals when the Bid line (red) crosses or bounces off them, as pictured below.

Median = High + Low /2

Typical = High + Low + Close / 3

Weighted = High + Low + Close + Close / 4

All four indicators shown in window...

Image:

FX Tools release : Levels RMS - Professional background Risk management system for manual or automated trading. - www.fxtools.info


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