cluster box - vertical cross-section of the market
Info
The cluster box - vertical cross-section of the market is a Indicator for MetaTrader 4 that 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.
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 - vertical cross-section of the market
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 information for each candlestick of any timeframe there is a corresponding amount 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: vertical time lines - similar indicator with strong performance on MetaTrader 4.
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 indicator
the clusterbox indicator displays the detailed picture of tick distribution inside the candlestick, if it is split into several clusters. each cluster is characterized by height, set in points (the "amount of points in one cluster" parameter). therefore, each candlestick will contain a different amount of clusters depending on its height.
depending on the size of the accumulated tick volume, the text label indicating the amount of ticks in the cluster will be represented by a certain color.
accordance between the minimum tick volume level and the color which represents that level is set in the related parameters "minimal volume. level n" and "color of level n". therefore, the tick volume that is greater than the value of the "minimal volume. level 5" parameter is represented by a color specified in the "color of level 5" parameter.
more information can be found here — .
You may also like: cluster box histogramm - horizontal cross-section of the market - 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_points_in_candle 30000 //
#define max_ticks_in_candle 1000000 //
#define max_volumes_show 5 // ,
struct levelvolumecolor // , .. .......
⚠ 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.