Cluster Box Day Histogramm - horizontal cross-section of the market by days
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Cluster Box Day Histogramm - horizontal cross-section of the market by days
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.
Description & Settings
General Information
For each candlestick of any timeframe there is a corresponding amount of ticks that formed it. On Forex charts this trait is displayed as Volume, although it has no direct relation to the real trade volumes. However, the tick volume data can be in the same way as the real volume data.
The information about the ticks that came before the indicator was attached are taken from the special tick file, which is formed with the help of the . A ready-made tick file can also be taken from the . If the history rendering is not required, then the indicator values will appear in real-time, provided the new ticks arrive.
About the ClusterBox_DayHistogramm indicator
A variation of the indicator. The difference is the fixed data collection interval. Thus, unlike the ClusterBox_Histogramm indicator, which displayed the tick volumes by clusters for a custom history range set by user, the ClusterBox_DayHistogramm indicator uses 24 hours as the specified interval. This approach allows to see the price concentration levels for each day separately.
In order to see the precise numerical value of the tick amount corresponding to the cluster, it is necessary to move the mouse cursor to the line of interest. The information about the price cluster and its tick volume will appear in the tooltip.
More detailed usage of the indicator is described in the article .
