Rainwood's Tick Chart Indicator


An indicator originally developed for MetaTrader 4 to display japanese candlestick tick charts. Since MT4 doesn't provide an option to display tick based charts, many people were looking for such an option. The original RW Tick Chart indicator has been coded to fulfil this need.

This happened many years ago and now after many different versions for the MetaTrader 4 platform RW Tick Chart indicator is also available for MetaTrader 5.

 
Main Features
  • Real-time tick candle drawing in indicator window, MT4 offline chart or MT5 custom chart
  • Number of ticks per candle can be set as desired
  • History tick data is generated (MT4) or queried from Terminal (MT5)
  • Bid, Ask or Mid price can be selected as base of tick chart
  • Tick chart prices can be rounded to pip value to allow Bob Volman style trading
  • Custom indicators can be added to offline tick charts in MT4, or to custom tick charts in MT5

 

RW Tick Chart - MetaTrader 5 settings


RW Tick Chart indicator in MetaTrader 5 Indicator settings of RW Tick Chart for MetaTrader 5


 

RW Tick Chart - MetaTrader 4 settings


RW Tick Chart indicator in MetaTrader 4 Indicator settings of RW Tick Chart for MetaTrader 4