You run a generator ea on a normal chart for your chosen symbol and the custom timeframe is then available from mt4 s list of offline charts.
10 tick range chart mt4.
Step 1 download and extract the log tick data and post tick data indicators.
At around 10 00 am the euro bund future drops.
The funny things it also same like renko bar it will change every indicator action.
You can doing some experiment with your forex system maybe it will increase probability winning and have good performance in future but don t expect holy grail result you won t find it 1.
The pro version of the indicator is additionally shipped with a convenient script that lets you create precise range bar charts using data downloaded from tick data repositories and utilize range bar charts in metatrader s standard backtester to test your eas on range bar charts with 99 modeling quality.
However you should test things carefully before trading real money because there are subtle differences between normal charts and the custom charts which could potentially cause problems with some mt4 code.
This drop displayed as one long candle in the 1 minute chart is divided into several smaller candles in the x ticks view.
It can provide an edge if your trading commisions and spreads are minimal.
This allows you to draw a different support line.
Renko tick chart plug in for metatrader 4 5 8 2 out of 10 based on 54 ratings from the blog using tick data suite 2 x for testing mt4 eas on renko range bars and other custom charting types.
How to setup this in mt4 almost same like renko bar setup.
The free tick chart metatrader mt4 mt5 indicator displays a tick chart with two moving averages.
This indicator displays a complete tick chart with two optional moving averages and makes paying attention to sub m1 price data really easy.
Step 4 open an m1 chart of the currency that you would like a tick chart of as well as your navigator window ctrl n if it s not already open.
10 seconds tick charts.
Most eas and indicators will work correctly on these custom charts.
Step 3 restart mt4.
Step 2 copy or move them to your indicators folder file open data folder mql4 indicators.
The custom timeframe generator lets you create charts for timeframes which are not available by default in metatrader 4 e g.