Tick Based Bars
- Indicators
- Version: 1.0
- Activations: 20
Stop Trading on Boring Time Charts! Uncover the TRUE Price Action with "Tick Based Bars"!
Are you tired of fake breakouts and constantly hitting stop-losses in sideways markets? The biggest reason might just be your chart—yes, Time-Based Charts (M1, M5, H1)! Normal candles only measure time, even when there is zero volume in the market.
Presenting "Tick Based Bars" – An advanced custom indicator that will completely change how you view the market!
How is this Indicator Different? Standard charts print a new candle every 1 or 5 minutes, regardless of whether the market actually moves. This only creates "noise" on your chart. But "Tick Based Bars" builds candles based on Ticks (Price Movements/Transactions), not Time. If you set the threshold to '50', a new candle will only form when exactly 50 ticks are completed in the market!
Top Features & Benefits:
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Kills Market Noise: When there is zero activity, this indicator won't print useless, choppy candles. You get a clear picture even in flat markets.
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Catches High Volatility: During news events or fast markets, it shows you candles in greater detail so you never miss a true breakout.
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Pure Price Action: Take time out of the equation! See only what actually matters—real price activity.
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Clean & Intuitive Visuals: Plots beautiful, color-coded candles (Bullish Green, Bearish Red, and Live Forming Gold) in a separate chart window.
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100% Customizable: Whether you are a Scalper or a Swing Trader, adjust the Tick Threshold (e.g., 50, 100, 500) to suit your style.
While everyone else is falling victim to fake signals on outdated time charts, trade smart! Upgrade your chart today and experience price action clarity like never before!
IMPORTANT DISCLAIMER: Trading always involves risk. "Tick Based Bars" is a powerful tool to clearly analyze real market movement and price action, but it does not promise guaranteed profits, magical entries, or 100% winning trades in any way. Always use it alongside a tested trading strategy and strict risk management rules.
(You can view my seller profile on MQL5 for more trading tools and utilities).
