Ticks Volume
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 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.
Description & Settings
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.
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.
