• Overview
  • Reviews (7)
  • Comments (133)
  • What's new

X Tick Chart

Tick charts measure the number of transactions per bar. To give you an example if you have a 233 tick chart, each bar measures 233 transactions per bar and a new bar is plotted after 233 transactions.

You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...).

The indicator uses tick data to plot the historical tick chart for a particular setting and real ticks for plotting live charts. This method of calculation gives very accurate charts as no approximation is used.


Settings

  • Ticks per bar.
  • Show history for a number of days (input the desired number of days (plus the current day) for the amount of history to process).
  • Synchronize the first bar's open on a new day (true/false).
  • Trading session time (HH:mm-HH:mm) - broker's server time is used. Input in the 24H format
  • Show pivot levels - Show Monthly, Weekly and Daily pivot levels plus Daily R1, R2, R3 & S1, S2, S3 (calculated using Classic or Fibonacci method) as well as previous day's High, Low & Close levels with color definitions.
  • Pivot Point calculation method ( (H+L+C)/3 or (O+H+L+C)/4 ).
  • Pivot & support/resistance color definitions
  • Display tick chart info and tick countdown to a new bar (true/false)
  • Alert condition (None / New bar / Reversal bar / MA1 & MA2 crossover / {plus variations})
  • Alert notification type (None /Show in alert box / Play sound / Send push notification / {plus variations})
  • Show MA (Yes/No)
  • MA draw as (Line/Dots)
  • MA period
  • MA method
  • MA apply to
  • MA shift.
  • MA show price label (Yes/No)
  • Show Channel (None, Donchian Channel, Bollinger Bands, Super Trend, Keltner Channel).
  • Channel period.
  • Channel ATR period (used for Keltner Channel only)
  • Channel apply to.
  • Channel multiplier.
  • Channel bands deviations (used for Bullinger Bands only).
  • Channel baands price labels (Yes/No)
  • Channel mid-price label (Yes/No)
  • Indicator used in EA via iCustom() (true/false) - Set this to true only when calling the indicator from an EA, another indicator or Script.
  • Use padding Top/Bottom (0.0 - 1.0) - used to set the margins above and below the visible high & low of the visible tick chart.
  • Show current bar's close projections (true/false) + bullish bar projection color and bearish bar projection color.
  • Use sound file for bullish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Use sound file for bearish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Display as a bar chart (true/false).
  • Shift objects with the chart (true/false)

The indicator also features a custom data window where you can inspect each bar's OLHC prices as well as the bar's open time.

The data window is displayed by left-clicking on the selected candle while holding down the Ctrl key on your keyboard.


Chart autoscale feature can be toggled ON/OFF using Ctrl+Q

traderx4 Fred
273
traderx4 Fred 2020.02.18 10:15 
 

Is it possible to be able to change the colours of the candles in the next update?

eliseexige
260
eliseexige 2019.12.16 16:05 
 

Inaccurate data on futures exchange. The charts will repaint. I've been attempting to get this resolved with the developer for months now to no avail. Promises have been made but nothing delivered. Very frustrating and very costly to my business this year. I will change this review if the problems are fixed.

Edit - the problem is fixed! Happy to report Artur circled back with me even though it took awhile. We are working on different formulas to get the charts looking like I want them to and he didn't have to go that extra step. Very appreciated.

Devonish
1173
Devonish 2019.09.06 12:59 
 

Very good. Well thought out and useful with the MA's and Pivot points. Good for candle analysis.

syltrade
65
syltrade 2019.06.08 12:41 
 

the best tick chart indicator good job

bubenbuben
78
bubenbuben 2019.01.20 14:48 
 

Very practical and easy to use tool to do a Tick Chart in MT5. I could not find a better one so far. Highly recommended. Maybe it has a Volume Chat later on as well.

Zentrader2015
1380
Zentrader2015 2019.01.10 06:07 
 

Very nice

Carlos Ignacio Rincones Pons
238
Carlos Ignacio Rincones Pons 2018.12.13 10:36 
 

Very useful to do momentum trading, the best tick chart alternative for metatrader 5 so far.

Version 3.10 2020.03.26
Fixed alert handler
Version 3.9 2020.03.25
Memory usage optimization
Version 3.8 2020.03.21
Optimizations
Version 3.7 2020.03.17
Code maintenance update
Version 3.6 2020.03.11
Minor bug fixes
Version 3.5 2020.02.24
Minor bug fixes
Version 3.4 2020.02.23
Maintenance update
Version 3.3 2020.02.17
Fixed bug with broker feeds having incorrect "chart plot" value in symbol characteristics.
Version 3.2 2020.02.13
Consolidated alert setting inputs from 6 to 2 variables
Added tick data download optimizer
Minor bug fixes
Version 3.1 2020.02.12
Bug fixes
Version 3.0 2020.02.09
Completely rewritten tick data engine (fixed all known and reported bugs found in the previous version)
Added 4th MA
Added Linear regression to the available MA types
Added Keltner Channel to the available channel types
Added tick countdown
Added optional trading session timespan with optional gray out of the after-hours zone
Added more settings to the "Show pivot settings" dropdown
Added optional price labels for MAs and Channel lines
Minor bug fixes
Version 2.25 2019.09.05
Bugfix for last bar refresh problem found in previous version
Version 2.24 2019.09.03
Fixed "duplicate tick" processing problem on the extremely fast-moving charts.
Fixed problem with brokers having an incorrect symbol specification info.
Added various optimizations and improvements.
Version 2.23 2019.08.29
Fixed problem with "invisible bars" when backtesting with latest MT5 builds.
Version 2.22 2019.08.23
Critical bug fix (fixed calculation of historical bars at certain conditions).
Version 2.21 2019.05.24
Bugfix - fixes a problem with certain tick chert settings.
Version 2.20 2019.05.13
Bug fix: Fixed backtesting bug
Version 2.19 2019.04.24
Small enhancements & code cleanup
Version 2.18 2019.03.28
Added signal candle's close price to alerts;
Code cleanup.
Version 2.17 2018.12.19
Bug fix & maintenance update
Version 2.16 2018.12.12
Bug fixes
Version 2.15 2018.11.23
Maintenance release
Version 2.14 2018.06.29
Maintenance release - code optimization
Version 2.13 2018.05.15
Bug fixes.
Added: 2 MA cross alert (MA1 = fastMA, MA2 = slowMA)
Changed: Alert settings
Version 2.12 2018.03.08
Maintenance release
Version 2.11 2018.01.24
Bug fix.
Version 2.10 2017.11.21
Added: Real tick volume (with Buy/Sell breakdown) is presented where available
Added: Classic or Fibonacci pivot lines plus support (S1,S2,S3) & resistance (R1, R2, R3) levels
Added: Previous sessions High, Low and Close levels
Added: Third moving average
Added: Volume weighted moving average method (using tick volume or real volume)
Added: Optional display as bar chart (useful when using with Heiken Ashi indicator)

All known bugs in version 2.00 have been fixed.
Version 2.0 2017.09.04
Added optional sound and push notification alerts on each new bar or only reversal bars
Added two moving averages with 100% user customizable settings
Added VWAP indicator
Added channels (Donchian, Bollinger Bands, Super Trend)