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Thread: RW Tick Chart indicator for MT4

  1. #1
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    Thumbs up RW Tick Chart indicator for MT4

    Dear Traders,


    Please let me introduce RW Tick Chart indicator, an indicator which draws tick-based candlestick chart in the indicator window of Metatrader 4. It also supports offline charts where you can add your own custom indicators and EAs.



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    Main Features:

    • real time candle drawing - new candles are drawn in MT4 indicator window as soon as the set number of tick data has been collected​
    • number of ticks per candle can be set - it is possible to set the number of ticks in a candle for the tick chart. Tick numbers can go from 1 to 2000 or more
    • supports downloading of history tick data - if enabled, the indicator automatically downloads history tick data for time periods when MT4 was offline
    • supports generating history tick data from M1 candles - generate simulated history tick data using OHLC values of M1 candles
    • display Moving Average on tick chart - one or two Moving Averages can be added​
    • option to display Bollinger Bands and Heiken-Ashi - it's possible to add Bollinger Bands and Heiken-Ashi to the tick chart in indicator window​
    • multiple tick charts can be added - you can add more tick charts to the same main chart
    • offline tick charts also supported - offline tick charts can be enabled and they will be automatically refreshed at every tick or every tick candle close. You can also add custom indicators and Expert Advisors to the offline tick charts
    • bundled with additional tick chart based indicators - like CCI, MACD, RSI, Stochastics, Williams %R and others (all tick chart based)
    • compatible with MetaTrader v4.00 build 950 and above



    Latest version is v1.19 released on 2nd of March, 2016.



    Demo Video:






    For more information please visit the official website: www.rwtickchart.com

    Last edited by rwtc; 04-01-2016 at 09:09 PM.

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    Lightbulb RW Tick Chart indicator v1.10

    New version of RW Tick Chart indicator has been released.


    Here is what's new in version 1.10:

    • improved tick data collection and saving method - when changing tick chart the indicator now uses the already collected tick data to create the new tick chart. The old version just emptied the tick chart and started tick data collection from the beginning
    • indicator now supports offline charts as well - now you can add many MT4 built-in and custom indicators to the tick chart
    • backtesting speed improved in MT4 Strategy Tester - there is an option in the tick chart indicator settings to enable Fast Mode during backtesting an Expert Advisor
    • now a second Moving Average line can be added to the tick chart in indicator window



    Learn more at www.rwtickchart.com


  3. #3
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    RW Tick Chart indicator v1.11

    New version of RainWood's Tick Chart indicator has been released for MT4.


    New features in version 1.11:

    • Display horizontal lines/levels on the tick chart - The tick chart in the indicator window can now display horizontal lines with a set number of pips between them. This might help to visualize the current range of movement of the market easier

    • Simplified name for offline tick charts - The name of the offline tick charts can now be simplified, so it will contain only the name of the instrument (e.g. 'EURUSD') and it will not have the prefix like before ('!RWEURUSD')



    More information available at www.rwtickchart.com


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    Lightbulb RW Tick Chart indicator v1.13 released

    New version of RainWood's Tick Chart indicator has been released for MT4.


    New features in version 1.13:

    • Bollinger Bands - Bollinger Bands can be added to tick chart in MT4 indicator window
    • Heiken-Ashi - Heiken-Ashi can be applied to tick chart in indicator window
    • Offline tick charts with current time and date on timescale - offline tick charts now show real dates instead of dates from 1970s (like in old versions because of MT4 limitation for builds 509 and lower)
    • minor improvements and optimizations
    • compatible with MT4 builds 610 and higher




    More information available at www.rwtickchart.com


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    Exclamation RW Tick Chart - Easter Special Offer

    33-tick chart with Heiken-Ashi applied:

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    Last edited by rwtc; 04-23-2014 at 08:57 AM.

  6. #6
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    Can u post examples on how to use the indicator? Thanks


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    Quote Originally Posted by queentail View Post
    Can u post examples on how to use the indicator? Thanks
    You can use it in many different ways depending on your trading style.

    For example when trading higher timeframes you can add a tick chart to your main chart and look at shorter timeframes to pinpoint your entries. You could also add two tick charts to the same main chart: one with a higher tick value (e.g. 133-tick) the other with a lower tick value (e.g. 30-tick). This way you are able to look at higher and lower timeframes with tick charts and also monitor the time based charts. Tick charts can help you to spot the high volume periods, because tick candle are produced faster.

    You could also use tick charts for news trading. When news are released many times you'll see a big 1-minute candle, but can't really see what is going on inside of it. Using tick charts you could spot a formation during this 1-minute candle and trade accordingly.

    Scalpers also can profit from tick charts because of the reasons just described.

    The area where tick charts doesn't really make a big difference is when someone trades only higher timeframes (daily charts or maybe H4) and is not interested in smaller timeframes. For such trader watching tick charts wouldn't give too much benefits.


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    Cool RW Tick Chart indicator v1.14 released

    Version 1.14 of RainWood's Tick Chart indicator is now available.


    New features in version 1.14:

    • improved tick data loading - last weeks tick data can also be displayed with the most current tick data
    • time lines and time labels with more options - additional selectable time periods (5, 10 and 15 minute) have been added
    • offline tick charts now refresh at every tick - offline tick chart auto-refresh can be set to occur at every tick, every 5th tick or at every tick candle close
    • minor optimizations and enhancements



    www.rwtickchart.com


  9. #9
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    Thumbs up RW Tick Chart indicator v1.15 released

    Version 1.15 of RW Tick Chart indicator is out.

    New features in version 1.15:

    • real-time moving price line - a moving price line can be added to the tick chart (in MT4 indicator window) showing the current price only or both Bid and Ask prices

    • tick chart based on Bid, Ask or Mid price - select which price you would like to use as base of tick chart

    • 1-minute option for time lines and time labels - time lines and time labels can now be displayed at every minute (in earlier versions 5 minutes was the minimum time between two time lines)

    • 1-pip option for horizontal grid lines - horizontal grid lines can now have as little as 1 pip distance between them (in earlier versions 5 pips was the minimum distance between grid lines)



    www.rwtickchart.com


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    Lightbulb RW Tick Chart v1.16 has been released

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    New version of RW Tick Chart indicator has been released.


    Here is what's new in version 1.16:


    • additional indicators: some MT4 built-in indicators (Stochastics, MACD, CCI and RSI) have been modified so that they are now in sync with the tick chart in the indicator window. By adding these indicators to the main chart (where RW Tick Chart indicator is already present) they will show values based on the tick chart

    • trendline support: RW Tick Chart indicator has been modified to be more 'trendline friendly' - i.e. trendlines added to the tick chart in the indicator window will now move in sync with the tick chart

    • history tick data download: RW Tick Chart is now able to download history tick data from 3rd party data provider. This feature can be enabled or disabled and may be a help for those traders who don't want to run their computer 24/7 to collect tick data



    www.rwtickchart.com

    Last edited by rwtc; 03-31-2015 at 09:08 AM.

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