Summary of 🎯Tick Chart Indicator for MetaTrader 4/5 Download - Free - [TradingFinder]
The video presents a tutorial on the Tick Chart Indicator available for MetaTrader 4 and MetaTrader 5, downloadable for free from the TradingFinder website. This Indicator is designed to display every tick (individual trade) within the current candle of the selected timeframe, highlighting small price fluctuations in an Oscillator window below the main chart. It helps traders analyze detailed trade volume and price changes at a granular level, which can be useful for short-term trading strategies.
Key Features and Usage Instructions:
- Download & Installation:
- Available for MetaTrader 4 and MetaTrader 5 on the TradingFinder website.
- After downloading, the Indicator file is dragged from the Navigator section onto the chart.
- Users must enable the "Allow DLL Imports" option in the command settings to run the Indicator.
- Functionality:
- Displays every tick within the current candle on the chart.
- Shows small price fluctuations in a separate Oscillator window below the main chart.
- Helps visualize trade volumes and price movements on lower timeframes.
- Settings and Customization:
- Number of Candles: Users can specify how many candles (default 500) the Indicator uses to calculate and display ticks.
- Template Options: Four modes available for the Indicator’s visual style:
- Auto: Changes candle colors based on profitability (bright green for profitable, bright red for losing).
- Light: Applies a light color template.
- Dark: Applies a dark color template.
- Custom: Maintains the user’s customized chart template.
- Example given: Setting the template to dark and increasing the candle count to 1,000 shows more detailed tick data.
Summary of Steps to Use the Indicator:
- Download the Indicator file from TradingFinder.
- Open MetaTrader 4 or 5.
- From the Navigator, drag the Indicator onto the chart.
- Enable "Allow DLL Imports" in the command settings.
- Adjust the number of candles and template style as desired.
- Observe tick-by-tick price changes and volume in the Oscillator window.
Presenters/Sources:
- TradingFinder (source website and tutorial provider)
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Business and Finance