ProTick indicator displays TICK data on main charts. Indicator is simple to use and does not need to create separate Offline or complex charts for obtaining Tick data.
(Ticks are not visible in Back testing, nor when markets are closed. User can check them only in LIVE session. Thus, when you add indicator to the chart, wait till new ticks arrive i.e. for price to move)
Generally Professional Traders keep eye on Tick charts. These help in making quick entry- exits and check if market is about to make explosive move.
Specially, in high volatile markets or around key news, Tick charts are great assets.
- In Inputs section, select Number of Ticks which you want to see on chart. Default value is 2000.
- User can select any of 3 types of ticks: Bid, Ask or Average price.
(Average price is computed as Average of Bid-Ask.)
- User can add indicators like Bollinger Bands/ Moving Average to indicator window.
- Ticks are same irrespective of chart timeframe. Thus, indicator can be applied to any timeframe. We suggest to apply it to M1, to put it to better use.
- MetaTrader4 does NOT store data below 1 minute timeframe. Thus, it does not store Tick data either. Hence, Ticks are not visible in Backtesting.
- This is also reason for, whenever MT4 is restarted or any of indicator settings are changed, older Ticks are not visible. Chart will start showing new ticks as and when they arrive.
If you face any issue using the indicator or any other queries, feel free to contact us at mail ID mentioned in the indicator.
We are a small team of professional traders with experience in developing software. We have been in markets for 8+ years and specialize in developing MetaTrader 4 indicators and expert advisers. We also develop MS Excel based trading strategies for Futures and Options.
This indicator has been developed to support your trading decisions. Markets are ever dynamic and extreme caution needs to be taken while betting real money. Under any circumstances, the developer or distributor of this indicator will not be responsible for any financial loss caused, directly or indirectly, due to use of this indicator
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Accuracy of correct predictions 83%! This indicator was tested on the basis of real statistics for all market indicators according to indicators for 3 months of trading. 83% of correct trade forecasts for usd / jpy on the m30 time frame were received on our statistics! if you have any questions, please contact us in private messages or in discussions under this indicator and we will figure it out and help any questions will arise personal messages or in discussions under this indicator As soon
This is trial version of ProTick indicator. It shall work till 8th August 2020.