Real-Time Tick Data Collector and Charting Tool
Info
The Real-Time Tick Data Collector and Charting Tool is a Indicator for MetaTrader 4 that this indicator collects real-time price data, including tick arrival time, bid price, and ask price. The bid and ask prices are visualized as lines within the indicator's subwindow.
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 Real-Time Tick Data Collector and Charting Tool
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
This indicator collects real-time price data, including tick arrival time, bid price, and ask price.
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: i market price 2.1 - real-time price information indicator - another powerful indicator for MetaTrader 4 traders.
This indicator collects real-time price data, including tick arrival time, bid price, and ask price. The bid and ask prices are visualized as lines within the indicator's subwindow. All collected data can be saved to a dedicated tick file (TKS file type).Also recommended: tick on chart indicator suite - similar indicator with strong performance on MetaTrader 4.
In addition to data collection, the indicator supports and maintains non-standard chart types:
- Isochronous charts with periods as short as 1 second.
- Range bar charts.
- Equivolume charts.
For each of these chart types, a specific price type can be configured:
- By Bid Prices: This functions similarly to how it's used in MT4.
- By Ask Prices: Displays actual ask prices instead of bid prices, without adding the spread value to the bid price.
- Close - Min Bid, Open - Max Ask: This is the first combined price representation. This chart type illustrates the maximum price movement in the profitable direction for a theoretical perfect trade, opening in the correct direction based on one of the candlestick prices.
- Close - Max Ask, Open - Min Bid: This is the second combined price representation. This chart type displays the maximum price range within a candlestick.
You may also like: nrtr indicator with candlestick painting - 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 version "1.02"
#property strict
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 clrturquoise
#property indicator_color2 clrred
#include <tickscollector_classes_ad.mqh>.......
⚠ 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.