Discussing the article: "Creating a Custom Tick Chart in MQL5"

[MetaQuotes]

Check out the new article: Creating a Custom Tick Chart in MQL5.

Learn how to implement a tick-based chart in MQL5 where each bar is built from a fixed number of ticks instead of time. The article covers creating and configuring a custom symbol, capturing real-time ticks, forming OHLC values, and pushing data with CustomRatesUpdate. This approach produces activity-driven candles that better reflect market intensity and short-term momentum for precise intraday analysis.

MetaTrader 5 organizes price data using fixed time intervals, which often hides the true intensity of market activity. A one-minute candle formed from hundreds of ticks can appear identical to one created from only a few trades. For scalpers and tick-driven systems, this becomes a major limitation because MetaTrader 5 does not provide a native tick-bar chart.

This article shows how to produce activity‑driven candles that close after N ticks instead of after a clock interval. You will get a clear, executable goal: an EA that creates and configures a separate custom symbol, aggregates incoming ticks into OHLC bars of a user‑defined size (ticks‑per‑bar), assigns monotonic bar timestamps, and updates the forming candle in real time using CustomRatesUpdate. Inputs include the custom symbol name, ticks‑per‑bar, and an option to auto‑open the chart. The result is a live tick chart in MetaTrader 5 where each candle reflects market activity density rather than elapsed time.

Author: ALGOYIN LTD