Tick Price Indicator for MT4
<h2><strong>Introduction to the Tick Price Indicator</strong></h2>
<p>Minute price movements can mean so much for traders trading on the lower timeframes. Sometimes traders would have no time to wait for a delayed confirmation of a trade based on a lagging indicator. The Tick Price indicator can be used as a trade confirmation who would want to trade on the slightest signal.</p>
<h2><strong>What is the Tick Price Indicator?</strong></h2>
<p>The Tick Price indicator is a custom technical indicator which is supposed to plot price movements based on tick movements instead of standard candlestick patterns. It plots a line on its own window indicating tick movements, and overlays blocks on the price chart to indicate the latest direction of tick movements per candle. It also displays some information regarding price movements on the upper left corner of the price chart.</p>
<p><img class="alignnone size-full wp-image-65786" src="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4.png" alt="Tick Price Indicator for MT4" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/Tick-Price-Indicator-for-MT4-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>How the Tick Price Indicator Works?</strong></h2>
<p>The Tick Price indicator plots its lines and bars based on tick price movements. Traders simply have to set the number of ticks or points that price should move for the indicator to plot a line. For example, if we set the indicator to move every five ticks, the Tick Price indicator would plot a line moving up every time price moves by five ticks, and a line moving down every time price moves down by five ticks. With that said, the Tick Price line does not coincide with each candle. It independently plots a line based on ticks.</p>
<p>The bars on the other hand, although they are also based on ticks, is somewhat representative of the candlestick movements. The bars indicate the direction of the last movement of price based on its color. A sky-blue box indicates that the last price movements was moving down, while a pink box indicates that the last price movement was up.</p>
<p>The number of ticks needed for the indicator to plot a line or box can be adjusted on the “Range” variable on the indicator settings.</p>
<p><img class="alignnone size-full wp-image-65785" src="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works.png" alt="How the Tick Price Indicator Works" width="977" height="670" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works-768×527.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-the-Tick-Price-Indicator-Works-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>How to use the Tick Price indicator for MT4</strong></h2>
<p>This indicator is best used for scalping where every pip counts and several ticks can already be a start of a strong price movement.</p>
<p>This indicator should also be used only as a confirmation of a possible reversal or breakout while in confluence with other trade setups. It should not be used as the main indicator for entering or closing trades. Instead, it should just give traders a feel as to where price is moving.</p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Identify a bullish trade setup based on support reversals or momentum breakouts. Open the trade as soon as the Tick Price line starts to move up. Set the stop loss below the entry candle.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Set a take profit target based on the trade setup and allow price to reach it.</p>
<p><img class="alignnone size-full wp-image-65784" src="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade.png" alt="How to use the Tick Price indicator for MT4 – Buy Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Buy-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>When to Enter?</em></strong></p>
<p>Identify a bearish trade setup based on resistance reversals or momentum breakdowns. Open the trade as soon as the Tick Price line starts to move down. Set the stop loss above the entry candle.</p>
<p><strong><em>When to Exit?</em></strong></p>
<p>Set a take profit target based on the trade setup and allow price to reach it.</p>
<p><img class="alignnone size-full wp-image-65783" src="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade.png" alt="How to use the Tick Price indicator for MT4 – Sell Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade-300×206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade-768×528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade-218×150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade-436×300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2021/01/How-to-use-the-Tick-Price-indicator-for-MT4-Sell-Trade-100×70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>Conclusion</strong></h2>
<p>As mentioned earlier, the Tick Price line is independent from the candles. As such, it is impossible to show a trade setup using this indicator. However, this indicator can still be tested and used on a demo account. Its only use is as a confirmation which would allow traders to get a feel as to where price might be moving next.</p>
<p><h3><span><strong>MT4 Indicators – Download Instructions</strong></span></h3>
<p>Tick Price Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.</p>
<p>Tick Price Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust their strategy accordingly. <strong><a href="https://www.forexmt4indicators.com/category/forex-strategies/" target="_blank" rel="noopener noreferrer">Click here for MT4 Strategies</a></strong></p>
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<h4><strong>How to install Tick Price Indicator for MT4.mq4?</strong></h4>
<ul>
<li>Download Tick Price Indicator for MT4.mq4</li>
<li>Copy Tick Price Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /</li>
<li>Start or restart your Metatrader 4 Client</li>
<li>Select Chart and Timeframe where you want to test your MT4 indicators</li>
<li>Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client</li>
<li>Right click on Tick Price Indicator for MT4.mq4</li>
<li>Attach to a chart</li>
<li>Modify settings or press ok</li>
<li>Indicator Tick Price Indicator for MT4.mq4 is available on your Chart</li>
</ul>
<h4><strong>How to remove Tick Price Indicator for MT4.mq4 from your Metatrader Chart?</strong></h4>
<ul>
<li>Select the Chart where is the Indicator running in your Metatrader 4 Client</li>
<li>Right click into the Chart</li>
<li>“Indicators list”</li>
<li>Select the Indicator and delete</li>
</ul>
<h4><strong>Tick Price Indicator for MT4 (Free Download)</strong></h4>
<p><strong>Click here below to download:</strong></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/tick-price-indicator-for-mt4/">Tick Price Indicator for MT4</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">ForexMT4Indicators.com</a>.</p>
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