Tick Indicator for MT4/MT5
Info
The Tick Indicator for MT4/MT5 is a Indicator for MetaTrader 5 that this tick indicator displays tick history directly on the main chart over the bars, providing a clear view of the 'spread' history and the formation of each bar. It visually represents the real-time bar formation.
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 Indicator for MT4/MT5
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 tick indicator displays tick history directly on the main chart over the bars, providing a clear view of the 'spread' history and the formation of each bar.
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: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
This tick indicator displays tick history directly on the main chart over the bars, providing a clear view of the 'spread' history and the formation of each bar. It visually represents the real-time bar formation.Also recommended: Heikin Ashi Candlesticks - similar indicator with strong performance on MetaTrader 5.
Note: This indicator may perform slowly due to the extensive tick data it visualizes. On smaller timeframes (up to M5) and larger scales, you can monitor ticks and observe price history in detail. The indicator has been modified to address array overflows and enhance visualization.
Originally sourced from MQL5, this indicator is surprisingly stable despite its non-optimal design. It accurately displays historical data and has potential for significant speed improvements. However, it is not designed for typical indicator interactions via iCustom or IndicatorCreate due to the absence of indicator buffers. It serves purely for historical data visualization, utilizing custom interactive graphical objects. The transparency of this object can be adjusted in the input parameters.
This self-contained indicator does not rely on standard libraries. Screenshots may not accurately capture the visualization. While it complies with MetaTrader 4, it does not display data due to the absence of copyticks data.
You may also like: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property strict
#define amount_buffers 0
#property indicator_chart_window
#property indicator_buffers amount_buffers
#ifdef __mql5__
#property indicator_plots amount_buffers
#endif
input color excolorbid = ::clrblue; // bid
input color excolorask = ::clrred; // ask
input color excolorspread = ::clryellow; // spread.......
⚠ 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.