Our custom developed Forex Tick Day Trading Indicator. A tick index is a short-term indicator, often only relevant for a few minutes. For traders looking to enter into bullish sentiment, a positive tick index is a good indicator of overall market optimism, as more stocks are trading on an uptick compared to those trading on a down tick. However, traders should remember that the tick index is a very speculative identifier of market sentiment at a specific point in time and is considered unreliable for traders who use longer-term strategies
Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy.
The EUR/GBP 15 minute chart below displays the Forex Tick Day Trading Indicator in action.
Copy and paste the Forex Tick Day Trading Indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove Indicator from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader 4 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete