ticks collector
Info
The ticks collector is a Indicator for MetaTrader 4 that when working real-time the indicator collects price data: the tick arrival time, the bid price and the ask price. the bid and ask prices are displayed as lines in the indicator subwindow, and all the gathered information can be saved to a special tick file (tks file type).
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 ticks collector
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
when working real-time the indicator collects price data: the tick arrival time, the bid price and the 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: Simple Tick Data Collector for MQL4 - another powerful indicator for MetaTrader 4 traders.
when working real-time the indicator collects price data: the tick arrival time, the bid price and the ask price. the bid and ask prices are displayed as lines in the indicator subwindow, and all the gathered information can be saved to a special tick file (tks file type).
Also recommended: welch candlesticks - similar indicator with strong performance on MetaTrader 4.
along with the information collection, the indicator can plot and keep the non-standard charts active:isochronous charts with period from 1 second.
range bar charts
equivolume charts.for each of the listed chart types a specific price type can be set:
by bid prices - the way it is used in МТ4.
by ask prices - instead of bid the real ask prices are displayed, but not the addition of the spread value to the bid price.
close - min bid, open - max ask - the first combined price representation. such chart shows the maximum distance the market went in the direction of the profit of the perfect deal - opening in the right direction by one of the candlestick prices.
close - max ask, open - min bid - the second combined price representation. the chart displays the maximum amplitude of the prices on a candlestick.
the detailed description - .
You may also like: ticks volume indicator 1. 1 - 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.