About the Tick by Tick Chart Indicator
The Tick by Tick Chart indicator for MT4 displays every price update in real time in a separate window below the main chart.
It plots green prices for upticks and red prices for downticks, allowing traders to track market momentum tick by tick.
This visual representation provides an immediate sense of buying and selling pressure, helping scalpers and day traders make quick, informed decisions.
The indicator works on all currency pairs and is most effective on short-term timeframes where rapid price movements matter.
Traders can use it alongside other trend or momentum indicators to confirm entries and manage risk efficiently.
By showing each price update instantly, the Tick by Tick Chart helps traders capitalize on small market fluctuations and react to emerging trends quickly.
Free Download
Download the “tick-indicator-v2.mq4” MT4 indicator
Key Features
- Displays real-time tick-by-tick price updates in a separate window.
- Green prices indicate upticks, red prices indicate downticks.
- Helps scalpers and day traders track market momentum.
- Can be combined with trend or momentum indicators for confirmation.
Indicator Chart
The chart shows the Tick by Tick Chart indicator on the EUR/USD 5-minute timeframe.
Green prices indicate buying pressure, and red prices indicate selling pressure.
Traders can observe momentum shifts and fine-tune entry points in real time for scalping or short-term trades.
Guide to Trade with Tick by Tick Chart
Buy Rules
- Open a buy trade when consecutive green ticks appear, indicating upward momentum.
- Confirm the trend direction on the main chart or timeframe.
- Enter near recent support levels for higher probability setups.
Sell Rules
- Open a sell trade when consecutive red ticks appear, indicating downward momentum.
- Confirm the trend direction on the main chart or timeframe.
- Enter near recent resistance levels for stronger setups.
Stop Loss
- Set stop loss a few pips below the recent consolidation zone for buy trades.
- Set stop loss a few pips above the recent consolidation zone for sell trades.
- Optionally, trail the stop loss behind price by 5–10 ticks to lock in profits while following momentum.
Take Profit
- Close buy trades when red ticks dominate or momentum slows.
- Close sell trades when green ticks dominate or momentum weakens.
- Alternatively, set take profit at nearby support or resistance levels for partial or full exits.
Tick by Tick and Winning Super Trend MT4 Forex Strategy
This MT4 forex strategy combines high-resolution price action insight from the Tick by Tick Metatrader 4 Forex Indicator with clear trend direction from the Winning Super Trend Forex Indicator MT4.
The Tick by Tick indicator shows real time price movement on a per tick basis in a separate window, giving traders detailed insight into immediate price action beyond standard candlesticks.
The Winning Super Trend indicator provides trend direction with a green signal line for buys and a red signal line for sells.
This strategy is designed for very active traders and scalpers using M1, M5, and M15 charts.
Traders who want to sense momentum early and trade in the direction of confirmed trend will benefit from this approach.
It works well on liquid currency pairs where tick data and trend signals provide reliable directional clues.
The strategy is beneficial for both beginners and experienced traders because it uses clear rules and reliable indicators to capture short-term moves.
Buy Entry Rules
- The Winning Super Trend signal line must be green, confirming a bullish trend.
- Watch the Tick by Tick window and wait for a rise in tick activity that shows upward pressure after a pullback or consolidation.
- Enter a buy trade at the close of the candle where the tick activity matches the bullish pressure and the Winning Super Trend line remains green.
- Place the stop loss below the most recent swing low or a recent area of tick support.
- Set the take profit at the next visible resistance level or close when tick activity weakens and a red Winning Super Trend line appears.
- Exit early if price action shows rejection or the super trend line turns red.
Sell Entry Rules
- The Winning Super Trend signal line must be red, confirming a bearish trend.
- Watch the Tick by Tick window and look for increased downward tick pressure following a brief retracement.
- Enter a sell trade at the close of the candle where the tick activity confirms continued selling interest and the trend line remains red.
- Place the stop loss above the most recent swing high or recent tick resistance area.
- Set the take profit at the next visible support level or close when tick pressure weakens and the Winning Super Trend line turns green.
- Exit early if price action shows rejection or the trend line changes color.
Advantages
- Takes advantage of high-frequency price information from the Tick by Tick indicator to improve entry timing.
- Trend direction from the Winning Super Trend indicator helps ensure trades follow the dominant market movement.
- Works on multiple lower timeframes for flexible scalping and intraday trading opportunities.
- Clear buy and sell conditions reduce guesswork and allow traders to react quickly to market changes.
- Useful for traders who want to combine real time price action with a trend filter for smarter entries and exits.
Drawbacks
- Tick by Tick data can be noisy, especially in low liquidity periods, leading to false signals if not filtered.
- Requires active monitoring, particularly on M1 and M5 charts, to capture fast price movements.
- Trend signals may lag slightly during sharp reversals, causing late entries.
- Traders new to tick data may find the indicator overwhelming without practice and clear rules.
Case Study 1
On EURJPY M1 during the London session, the Winning Super Trend line turned green, signaling a bullish trend.
The Tick by Tick window showed increasing upward tick activity after a brief pullback.
A buy trade was opened and closed for 8 pips when tick pressure weakened and the trend line turned red, capturing a quick intraday move with trend confirmation.
Case Study 2
On GBPUSD M15 during the New York session, the Winning Super Trend line stayed red, showing a sustained downtrend.
After a brief retracement, the Tick by Tick data showed a surge in downward ticks.
A sell trade was executed and closed for 22 pips when tick activity reduced and the trend line signaled a potential reversal, effectively capturing the intraday decline.
Strategy Tips
- Always trade in the direction of the Winning Super Trend line to stay aligned with the prevailing trend.
- Use the Tick by Tick window to confirm momentum, particularly after pullbacks or consolidation zones.
- Avoid trading tick signals in low liquidity times such as late Asian sessions unless trend confirmation is strong.
- Place stop losses thoughtfully near recent swing highs or lows to reduce whipsaw impact.
- Exit trades promptly if the super trend line changes color or tick pressure fades significantly.
- Combine with session awareness to avoid unpredictable moves around major economic announcements.
- Consider practicing the strategy on a demo account before using real capital to get comfortable with tick readouts.
- Manage position size conservatively when trading very short timeframes due to rapid price movements.
Download Now
Download the “tick-indicator-v2.mq4” Metatrader 4 indicator
FAQ
Which traders benefit most from this indicator?
Scalpers and day traders benefit most due to its real-time updates.
Swing traders may find it less useful because of the rapid data flow.
Can it be combined with other indicators?
Yes, combining it with trend, momentum, or support/resistance indicators helps confirm entries and manage risk.
How should I interpret green and red ticks?
Green ticks show upticks (buying pressure), and red ticks show downticks (selling pressure).
Consecutive colors indicate stronger momentum in that direction.
Summary
The Tick by Tick Chart indicator provides real-time price updates that allow traders to monitor market momentum tick by tick.
It’s ideal for scalping and day trading, helping users identify short-term trends and reversals.
Adjustable settings and visual color coding make it easy to track upticks and downticks.
By combining it with other indicators or support/resistance levels, traders can improve timing, manage risk, and make informed trading decisions quickly.
