Cluster Box - vertical cross-section of the market
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 - 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.
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 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 — .
