Tick Chart Indicator for MT5
- Indicators
- Eda Kaya
- Version: 2.2
Tick Chart Indicator for MetaTrader 5
The Tick Chart Indicator, one of the tools available in MetaTrader 5, allows for the rapid detection of short-term market fluctuations by displaying real-time price movements.In fast-moving markets, a tool that captures the smallest changes in price is essential for timely trading decisions.
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Tick Chart Indicator Specifications
The key specifications of this indicator are summarized in the table below:
Category | Volatile - Oscillator - Trading Tool |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Leading - Continuation |
Time Frame | Multi Time Frame |
Trading Style | Intraday Trading |
Trading Market | Cryptocurrency - Forex - Stocks |
Overview of the Indicator
This indicator draws a yellow line in the indicator window, reflecting live price changes and keeping traders updated on price increases or decreases in real time. This capability allows traders to detect peak levels of market activity and pinpoint optimal moments to enter or exit trades with greater accuracy.
Indicator in an Uptrend
On the 1-minute timeframe of the AUD/CHF currency pair, the indicator visualizes real-time price changes, allowing for precise monitoring of price action.By observing the continuous rise of candlesticks and high volatility, the indicator confirms an uptrend, supporting long trade entries after appropriate confirmations.
Indicator in a Downtrend
On the Dogecoin (DOGE) price chart, the indicator showcases real-time price movement, clearly identifying a downtrend in the market.By tracking the steady decline of candlesticks and market fluctuations, the indicator helps traders interpret bearish market behavior and supports confirmation for short positions.
Tick Chart Indicator Settings
The following are the available settings for this indicator:
● Bars: Determines how many candles are shown in the oscillator (default: 1000);
● Theme: Sets the background color of the chart.
Conclusion
The Tick Chart Indicator in MetaTrader 5 captures real-time price movements, making it ideal for short-term market analysis.Its yellow line visualizes both upward and downward price actions, enabling traders to better determine precise entry and exit points after receiving necessary confirmations.