How do I install this Indicator on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 4?

Yes, this Indicator is built specifically for MetaTrader 4.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Cluster Box Day Histogram: Daily Market Cross-Section by Tick Volume Indicator for MetaTrader 4

MetaTrader 4 indicator

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Cluster Box Day Histogram: Daily Market Cross-Section by Tick Volume

Info

The Cluster Box Day Histogram: Daily Market Cross-Section by Tick Volume is a Indicator for MetaTrader 4 that general informationfor every candlestick on any timeframe, there is a corresponding number of ticks that formed it. On Forex charts, this is displayed as volume, though it doesn't directly relate to real trade volumes.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.

How to Install and Use Cluster Box Day Histogram: Daily Market Cross-Section by Tick Volume

1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.

2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.

3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.

4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.

Frequently Asked Questions

Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."

Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).

Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.

What this tool does

General InformationFor every candlestick on any timeframe, there is a corresponding number of ticks that formed it.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 4.

Compatible Platform & Setup

This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.

Description & Settings

Related: fibonacci confluence zone finder - multi-swing clusters - another powerful indicator for MetaTrader 4 traders.

General Information

Also recommended: Cluster Box: Visualizing Market Tick Distribution - similar indicator with strong performance on MetaTrader 4.

For every candlestick on any timeframe, there is a corresponding number of ticks that formed it. On Forex charts, this is displayed as volume, though it doesn't directly relate to real trade volumes. However, tick volume data can be used similarly to real volume data.
Information about ticks prior to indicator attachment is sourced from a special tick file. If historical data rendering is not required, indicator values will appear in real-time, provided new ticks are arriving.

About the ClusterBox_DayHistogram Indicator

This is a variation of the ClusterBox indicator. The key difference is its fixed data collection interval. Unlike the ClusterBox indicator, which displays tick volumes by clusters for a user-defined history range, the ClusterBox_DayHistogram indicator uses a 24-hour period as the interval. This method allows for viewing price concentration levels for each day distinctly.

To see the precise numerical value of the tick amount corresponding to a cluster, hover your mouse cursor over the desired line. Information about the price cluster and its tick volume will appear in a tooltip.

You may also like: Cluster Box Histogram: Horizontal Market Cross-Section Analysis - excellent alternative for indicator users on MetaTrader 4.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
#property indicator_chart_window
#property indicator_buffers 1
#define max_volumes_show      5                                                                    //    ,   
struct levelvolumecolor                                                                            //    ,      .. 
  {                                                                                                // .. 
   color             levelcolor;

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.