The Show Ticks on Forex Chart indicator for Metatrader 4 shows the up/down ticks in real-time on the main trading window.
Key Takeaways
- A white arrow is an uptick.
- A red arrow is a downtick.
The indicator works for any currency pair and time frame of your preference.
Free Download
Download the “Shownticks.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Show Ticks on Forex Chart mt4 indicator in action on the trading chart.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Input symbol, style, color.
Indicator type: Data
Repaint? No.
Show Ticks + Flat Trend RSI Forex Day Trading Strategy
This day-trading setup combines precision tick activity with real-time momentum confirmation using the Show Ticks on Forex Chart Indicator MT4 and the Flat Trend RSI Indicator for Forex MT4.
Together, they provide a fast and accurate method for intraday traders who want to capture short bursts of movement in active markets.
The Show Ticks indicator displays upticks and downticks directly on the main chart window — white arrows for upticks and red arrows for downticks.
This gives traders a real-time sense of market activity and order flow.
The Flat Trend RSI indicator confirms trend direction with its color-coded histogram: blue for bullish momentum and red for bearish pressure.
When combined, these indicators help traders confirm entries using both tick activity and price strength.
This strategy is best applied to M1, M5, or M15 charts, especially during high-volume sessions like the London and New York overlaps.
It works well on fast-moving pairs such as EURUSD, GBPJPY, and XAUUSD (gold).
Buy Entry Rules
- Wait for the Flat Trend RSI histogram to turn blue, confirming bullish momentum.
- Watch for a sequence of white uptick arrows appearing on the main chart from the Show Ticks indicator.
- Once at least three consecutive white arrows appear with the blue histogram active, open a buy position.
- Set a stop loss just below the recent swing low or 10–15 pips, depending on volatility.
- Take profit after 20–30 pips or when the histogram turns red.
Sell Entry Rules
- Wait for the Flat Trend RSI histogram to turn red, signaling bearish momentum.
- Watch for a sequence of red downtick arrows on the Show Ticks indicator.
- Once at least three consecutive red arrows appear with the red histogram active, open a sell position.
- Place a stop loss just above the recent swing high or 10–15 pips.
- Take profit after 20–30 pips or when the histogram turns blue.
Advantages
- Provides immediate tick-based confirmation for fast and precise entries.
- Combines order flow visualization with RSI momentum for better accuracy.
- Ideal for scalpers and intraday traders looking for short, frequent trades.
- Works well across volatile pairs with consistent activity.
- Easy to follow visually with clear blue and red signals.
Drawbacks
- Requires active monitoring; signals form quickly and fade fast.
- False signals may occur during ranging or low-volume periods.
- Tick data updates rapidly, which can overwhelm new traders.
- Not suitable for traders who prefer longer-term setups or automated trading.
- Spread and execution delays can affect performance on very short time frames.
Case Study 1: GBPJPY M5 – London Open
At 08:10 server time, the Flat Trend RSI turned blue, confirming bullish momentum.
Shortly after, the Show Ticks indicator displayed three consecutive white uptick arrows as GBPJPY pushed upward.
A buy trade was entered at 190.80 with a 12-pip stop loss.
By 08:45, the price reached 191.10 for a 30-pip profit.
This setup captured the early-session surge with perfect alignment between momentum and tick flow.
Case Study 2: XAUUSD M1 – New York Session
At 14:20, gold started showing strong selling pressure.
The Flat Trend RSI histogram flipped red, and four red downtick arrows appeared consecutively on the chart.
A sell trade was executed at 2435.00 with a 15-pip stop loss.
Within 10 minutes, the price dropped to 2430.50, yielding a 45-pip gain.
This quick scalp trade demonstrated how real-time tick data can enhance timing in volatile instruments.
Strategy Tips
- Trade only during the most active sessions to ensure strong tick movement.
- Avoid entering trades when the market is flat or when uptick/downtick arrows alternate frequently.
- Use a consistent risk-to-reward ratio (at least 1:1.5) to maintain profitability.
- Backtest different pairs to find those with consistent tick flow and low spreads.
The Show Ticks + Flat Trend RSI MT4 strategy is a dynamic day-trading system built for speed and precision.
It merges real-time tick activity with RSI momentum confirmation to provide reliable short-term entries.
With discipline and proper timing, this setup can help intraday traders catch quick market bursts while avoiding false entries during quiet periods.
