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Ticks.mq4 - Equivolume Bars Builder EA - Advanced Forex Trading Robot
volume - number of ticks per bar
Actions for getting a chart:
1) Run the EA in the tester in "all ticks" mode on some period of time.
2) A file of "EURUSD volume 100.csv" type will appear in the folder terminal_catalog\tester\files
Ticks.mq4 2.14 kb, 35 downloads since 2015-01-13
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The Equivolume Bars Builder EA works with a unique type of chart called equivolume bars. Equivolume bars are a way to show price and volume information in a different, more visual format.
It calculates the number of ticks (price movements) that happen in each bar. This tells you how much trading activity is taking place in that specific time frame.
Run the EA in the testing mode (you can do this on a specific time period).
After running the EA, you'll find a file named "EURUSD volume 100.csv" in a particular folder on your trading platform.
The chart created by this EA will show you price movements and trading volume in a different way, making it easier to spot trends and changes in market activity.
Equivolume bars can be helpful because they give you a different perspective on the market, they help making trading decisions.
Equivolume Bars Builder Indicator
Equivolume Bars Builder-The Ticks EA is an indicator that focuses on capturing specific market data points known as "ticks." But what are ticks, you might ask? Well, in the forex market, a tick represents the smallest possible price movement of a currency pair.
Now, here's how the Ticks EA strategy works:
When you activate the Ticks EA on your MetaTrader 4 platform, it begins by initializing itself. This means it prepares to start monitoring the price movements of a specific currency pair.
The Ticks EA then starts counting the number of ticks, which are essentially price changes, that occur within a specified volume. The volume is the number of ticks you want to monitor before taking action.
While counting ticks, the EA keeps an eye on the prices. It records the highest (high) and lowest (low) prices reached during this tick count.
Once the volume target is met, the Ticks EA records the relevant data, including the open price (the starting point of the tick count), high price (the highest point reached), low price (the lowest point reached), close price (the ending point of the tick count), and the timestamp (the date and time when this happened). This recorded data is then stored in a CSV file.
The process continues to repeat itself. The EA starts counting ticks again, and when the specified volume is reached, it records the data once more. This creates a log of market data that you can use for analysis.
To get started with Ticks EA:
Download the mq4 file.
Install it in your MetaTrader 4 platform.
Set the adjustable parameters as follows:
Volume: 100 (You can experiment with different values) Determines the number of ticks to be counted before recording data.
Ticks EA is a data collector, keeping track of all the ups and downs of the market. It's a great tool for traders who want to gather valuable data about price movements and use that information to make informed trading decisions. Just adjust the volume setting according to your preferences, and you're ready to roll!
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