tick chart
Info
The tick chart is a Indicator for MetaTrader 5 that the indicator displays the ask and bid, which are taken from the real tick history. also, it is possible to evaluate the spread changes by visually comparing the ask and bid.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use tick chart
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 displays the ask and bid, which are taken from the real tick history.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Chart Navigator MT5 Light - another powerful indicator for MetaTrader 5 traders.
the indicator displays the ask and bid, which are taken from the real tick history. also, it is possible to evaluate the spread changes by visually comparing the ask and bid.
Also recommended: On Chart Candle Countdown Clock - similar indicator with strong performance on MetaTrader 5.
the 2016.10.07 02:06:03 date is set in the indicator by default. this allows to see the events of gbp decline on the gbpusd symbol:as the indicator shows the ask and bid values, it is also possible to see what spread was.
input parameters
:
amount requested by ticks — the number of requested ticks.
with a date query tics — the date to request ticks from.
timer — timer (milliseconds) for updating the indicator, essentially the rate of showing the tick history.
see how many bars — the number of visible ticks.
You may also like: watermark mt5: professional chart branding for metatrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.