How to determine OHLC of past candles in new tick charts like OVO

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At ovo.cz, they have an indicator which creates tick charts. Once the offline tick chart is loaded, there are lots of candles from the past, and so it means OVO managed to determined OHLC for every candle in  tick chart.

How is it possible to get those when all there thru MT4 is 1-minute charts registering only OHLC+volume for the whole 1 minute, but every minute ?


For instance, in a 1 minute candle there can be 4000 ticks, and with OVO, I choose a tick chart of ''100 ticks'', so how does OVO knows how to cut those 400 ticks and determine the prices OHLC of those 4 little  tick-candles ?

Is it really possible to get the ancient bid and ask from past candles, contrary to what is said here https://www.mql5.com/en/forum/370997

 
Enau:

At ..., they have an indicator which creates tick charts. Once the offline tick chart is loaded, there are lots of candles from the past, and so it means ... managed to determined OHLC for every candle in  tick chart.

How is it possible to get those when all there thru MT4 is 1-minute charts registering only OHLC+volume for the whole 1 minute, but every minute ?

For instance, in a 1 minute candle there can be 4000 ticks, and with ..., I choose a tick chart of ''100 ticks'', so how does ... knows how to cut those 400 ticks and determine the prices OHLC of those 4 little  tick-candles ?

Is it really possible to get the ancient bid and ask from past candles, contrary to what is said here https://www.mql5.com/en/forum/370997

NO! That is not what is being done! The tick chart is built using M1 data for the past using a synthetic analysis (not real ticks), and incoming tick data for the current and future chart data.

 
So all the past tick-candles and their prices are fakes ?
 
Enau: So all the past tick-candles and their prices are fakes ?

Not fake; but approximations! You just jumped to conclusions before properly reading the explanation and description on the site. Why do you think the author did not create an FXT generator for it? Due to these limitations that are described on the site.

 
On a separate note, please don't leave your forum threads hanging! In all the threads you have started you have never come back to confirm if the answers given were satisfactory and resolved your issue or if you understood them. In all the cases you just left them hanging without a final response.
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