The Tick by Tick forex indicator for Metatrader 4 displays tick by tick price updates in a separate window below the main activity chart.
With every price update, the indicator draws the tick information accompanied with the actual price.
Green price for uptick and red price for downtick.
Scalpers and day traders can benefit from this indicator. It’s less useful for swing trading.
The EUR/USD M5 chart below displays the Tick By Tick forex indicator in action.
Basic Trading Signals
No signals from this MT4 indicator.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (mySymbol) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the tick-indicator-v2.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)