ticks volume
Info
The ticks volume is a Indicator for MetaTrader 4 that the indicator shows the price change in points and how many times there was a change for a selected period, unfortunately only from launch to stop. no input parameters.
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 volume
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
the indicator shows the price change in points and how many times there was a change for a selected period, unfortunately only from launch to 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.
the indicator shows the price change in points and how many times there was a change for a selected period, unfortunately only from launch to stop.
Also recommended: institutional kyle's lambda market impact engine: revolutionizing volume analysis - similar indicator with strong performance on MetaTrader 4.
no input parameters.it can be used to determine the speed and/or acceleration of price changes. in the screenshot it can be seen that the volume equals 44, the tickvolume indicator shows that the price increased in 27 ticks ("tick up") and decreased in 17 ticks ("tick down"). during this time, the price has increased by 53 points ("pips up") and decreased by 9 points ("pips down", in the fifth digit).
very important,
all mathematical operations with the values of the indicator must be carried out in 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.