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TickChart Indicator for MT5

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Publié: 8 septembre 2019

Version actuelle: 1.1

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TickChart Indicator for MT5

Indicateurs
Mika Akimoto
Version: 1.1
Activations: 5

TickChart Indicator plots tick line on the main window of MetaTrader.

( Free version of this is "TickChart Indicator Lite" )

The tick-line shows the most detailed, fastest and real-time activities of the market, which are usually hidden in bars or candles longer than 1 minute. Usually, several new tick-line segments appear while a bar of M1 time frame is completed. After the release of an important economic indicator, the number of ticks per bar may exceeds 100.

This indicator overlays the tick-line on normal chars in the main windows. Although usual charts are in "time-price" space, the tick-chart is in "tick-price" space, that is, the X-axis of tick chart is not the time. When market is very active, the X-axis of tick-chart advances fast and vice versa.

TickChart indicator can be useful is many situations. For example,

A tool for scalping : You can find several chances in a minute
Find chances in the turbulence after the release of importance economic indicators: The tick-chart shows the detailed price changes hidden in a long long bull/bear candle
As an electro-cardiogram of market: The pace of tick-chart segments generation indicates how vital the market is
Multi-time-frame market watch: For example, you can see the tick chart and M15 time frame chart on the same window. This indicator overlays the shortest time frame, the tick.
Alert of significant price changes: Send an email and/or notifications using RSI and Envelope deviation.

There may be more usages. If you find a nice one, please let me know.

Inputs

Parameter name	Description
Number of ticks to draw	It is about 200. Too many ticks may slows down MetaTrader
Tick-bid-line width	Width of the tick-line for bid price. Width 0 indicates no tick-bid-line
Tick-bid-line color (MT5)	Line color
Tick-bid-line style (MT5)	Line style, solid, dots, ...
Tick-ask-line width	Width of the tick-line for ask price. Width 0 indicates no tick-ask-line
Tick-ask-line color (MT5)	Line color
Tick-ask-line style (MT5)	Line style, solid, dots, ...
Tick-MA period	Period of SMA, i.e. how many ticks will be used to calculate the moving average
Tick-MA bid line width	Line width of tick SMA on bid price. Width 0 indicates no SMA line
Tick-MA bid line style (MT5)	Line style
Tick-MA bid line color (MT5)	Line color
Tick-MA ask line width	Line width of tick SMA on ask price. Width 0 indicates no SMA line
Tick-MA ask line style (MT5)	Line style
Tick-Ma ask line color (MT5)	Line color
Alert email	Turn on/off email alert. Alert occurs when RSI and Envelope provides the same buy/sell signal described below. If "true", alert will be send when ( (RSI<RSI_lower_level) or (RSI>RSI_upper_level) ) and ( (deviation>alert_level) or (deviation< -alert_level) )
Alert notify	Turn on/off notification (using MetaQuotesID in MetaTrader option). The same alert as above.
Envelope period for alert	Envelope period of alert. The period here is the number of bars, not the number of ticks.
RSI period for alert	RSI period of alert, The number of bars.
RSI lower alert level	RSI less than this value indicates that the price is near the buy area
RSI upper alert level	RSI higher than this value indicates that the price is near the sell area
Envelope deviation alert level	Envelope deviation higher/lower than (level)/(-level) indicates the price is near the sell/buy area
Minimum alert interval	Do not send alert for this specified interval after the previous alert for avoiding too many alerts in a same incident

(MT5): Only in the MetaTrader5 version. In MetaTrader4 version, line properties are in the property of indicator.

Screenshot

The screenshot show the two tick lines of bid and ask prices and the 20MA tick line. It shows that the detailed price changes inside long candles. The high price (p) of a candle is displayed as the peak of tick chart (p'). You can see many highs and lows inside a candle and find more trade chances.

plus...

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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link: https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these da

988 USD

Introducing Assembler: The best value for money, Designed for advanced traders and professionals, yet accessible for ambitious beginners ready to elevate their trading game. Great for ICT, SMC, TREND and breakout traders . Combining advanced analytics, a sleek graphical interface, and highly customizable features, Assembler empowers you to trade with precision, clarity, and confidence. Key Features of Assembler 1. Dynamic Graphical User Interface (GUI): A fully draggable, customizable interf

490 USD

Le niveau Premium est un indicateur unique avec une précision de plus de 80 % des prédictions correctes ! Cet indicateur a été testé par les meilleurs Trading Specialists depuis plus de deux mois ! L'indicateur de l'auteur que vous ne trouverez nulle part ailleurs ! À partir des captures d'écran, vous pouvez constater par vous-même la précision de cet outil ! 1 est idéal pour le trading d'options binaires avec un délai d'expiration de 1 bougie. 2 fonctionne sur toutes les paires de devises

495 USD

MATADOR GOLD XAUUSD M5 Scalp Signals for MT5 MATADOR GOLD is a decision-support indicator for MetaTrader 5, designed for traders who analyze short-term Gold movement on the M5 timeframe. The indicator does not open, close, or manage trades automatically. It provides buy and sell signal guidance so the user can make their own trading decisions according to their risk plan, broker conditions, and trade management rules. Main purpose MATADOR GOLD is built to help traders avoid noisy signal flow and

499 USD

L’indicateur met en évidence les zones où un intérêt est déclaré sur le marché , puis montre la zone d’accumulation des ordres . Il fonctionne comme un carnet d’ordres à grande échelle . C’est l’indicateur destiné aux grands capitaux . Ses performances sont exceptionnelles. Quel que soit l’intérêt présent sur le marché, vous le verrez clairement . (Il s’agit d’une version entièrement réécrite et automatisée – l’analyse manuelle n’est plus nécessaire.) La vitesse de transaction est un indicateur

400 USD

Nous vous présentons un indicateur révolutionnaire qui change les règles du jeu dans le monde du trading de tendance. L'indicateur est conçu pour repenser les performances et élever votre expérience de trading à un niveau sans précédent. Notre indicateur dispose d'une combinaison unique de fonctionnalités avancées qui le distinguent de ses concurrents. La technologie de pointe "Real Pricing Factors" offre une durabilité inégalée, même dans les conditions de marché les plus difficiles et les plus

200 USD

TickChart Indicator plots tick line on the main window of MetaTrader. In the Lite version, the number of ticks is limited to 20 and the alert function described below is omitted. The tick-line shows the most detailed, fastest and real-time activities of the market, which are usually hidden in bars or candles longer than 1 minute. Usually, several new tick-line segments appear while a bar of M1 time frame is completed. After the release of an important economic indicator, the number of ticks per

TickChart Indicator plots the tick line on the main window of MetaTrader. In the Lite version, the number of ticks is limited to 20 and the alert function described below is omitted. The "tick-line" shows the most detailed, fastest and real-time activities of the market, which are usually hidden in bars or candles longer than 1 minute. Usually, several new tick-line segments appear while a bar of M1 time frame is completed. After the release of an important economic indicator, the number of tic

TickChart Indicator plots tick line on the main window of MetaTrader. ( Free version is "TickChart Indicator Lite" ) The tick-line shows the most detailed, fastest and real-time activities of the market, which are usually hidden in bars or candles longer than 1 minute. Usually, several new tick-line segments appear while a bar of M1 time frame is completed. After the release of an important economic indicator, the number of ticks per bar may exceeds 100. This indicator overlays the tick-line on

198 USD

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