Tick Volume Indicator Analysis
Info
The Tick Volume Indicator Analysis is a Indicator for MetaTrader 4 that this indicator displays price changes in points and the frequency of these changes over a selected period, specifically from the indicator's launch to its stop. There are no input parameters for this indicator.
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 Tick Volume Indicator Analysis
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 displays price changes in points and the frequency of these changes over a selected period, specifically from the indicator's launch to its stop.
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: horizontal volume - another powerful indicator for MetaTrader 4 traders.
This indicator displays price changes in points and the frequency of these changes over a selected period, specifically from the indicator's launch to its stop.Also recommended: institutional kyle's lambda market impact engine: revolutionizing volume analysis - similar indicator with strong performance on MetaTrader 4.
There are no input parameters for this indicator.
It can be utilized to assess the speed and/or acceleration of price movements.
For instance, if the volume is 44, the Tick Volume indicator reveals that the price increased over 27 ticks (tick up) and decreased over 17 ticks (tick down). Concurrently, the price rose by 53 points (pips up) and fell by 9 points (pips down, observed in the fifth decimal place).
It is crucial to perform all mathematical operations involving the indicator's values using their absolute values.
You may also like: quasi-volume bars indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 navy
#property indicator_color2 lawngreen
#property indicator_color3 firebrick
#property indicator_color4 yellow
#property indicator_width1 4
#property indicator_width2 2.......
⚠ 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.