There are 9 fields available in total: in the first step, you set the initial value, and each subsequent step defines the boundary between the\ranges. The ninth step is a value from X to infinity.
For example, if you specified 5 in the first step and 10 in the second, then the second step will capture ticks from 5, 6, 7, 8, 9 and add them to your \ buffer. And so on for each\field.
The intensity interval works in the opposite direction and has a dynamic character: the more ticks accumulate in each buffer, the faster they are removed. This creates a relationship between the activity of buyers and sellers.
Now you can customize this indicator for any currency instrument.
I tried setting it up for bitcoin and posted a SET\file, but I think it can be improved.
I would be grateful if someone can configure it as precisely as possible for any tool and share the SET-files.
Please note that the indicator must be placed in the “EXPERT” folder.
I developed the * * TickMeter3 * * indicator for the XAU / USD pair, which can be tested in other markets, such as BTC or GBP/JPY.
The essence of this indicator is as follows: it scans all ticks for gold, measures their height and sorts them by groups and directions. Then it summarizes each group of ticks in a separate column on the monitoring chart. A cluster of identical ticks forms a scale (trend), which shows the interest of certain groups of investors in the market at the moment.
If the volume intensity is high, the indicator starts making a sound, warning about the beginning of an active movement in the gold market.
Initially, I wanted to identify patterns in the movement of the gold price and predict its short-term changes. And if you watch the market during the day, you can generally do it, although not always accurately.
This indicator can be especially useful for those who like to play on small price fluctuations, especially if the broker’s spread is small. From approximately 10 p.m. London time, the indicator will signal that it is time to pay attention.
If someone notices patterns that repeat with a probability of 9 out of 10, please write to me in private messages. We can discuss the details of opening and closing orders based on your observations.
Please note that in the MT4 strategy tester, the indicator will not show useful information, as the ticks in it are generated and do not correspond to the actual values.
only groups of ticks, this is all conditional, more suitable for detecting activity, since there is no price glass, it is not clear at all what kind of orders there are in this tick, and in general there is an order opening or closing, since any market participation entails price movement
Great question, I can already see the depth of your thinking. I’m afraid that the project is too complex to have a database and run an individual library of movements on the history, which is generated and distorted, and waiting for years in real time also does not make sense. Everything is complicated with\ticks. I also mentioned that the formation of a large tick is associated with market orders or a group of orders, and not necessarily opening, but also closing, everything is possible. On a large tick, there is no information - this is an open trade or it was closed, in fact, both cases have a tick trace.
At the current moment, this robot shows the presence of these actions and only.
