Ticks Count Forex Indicator (MT4)

About the Ticks Count Indicator

The Ticks Count Forex Indicator for MetaTrader 4 is a volume-based tool designed to measure market activity by counting the number of ticks (price changes) within a specified period.

Unlike traditional volume indicators that rely on actual trade volumes, this indicator provides insights into market activity by counting price changes, offering traders a unique perspective on market dynamics.

Key Features

• Counts the number of ticks (price changes) within a specified period.
• Helps identify periods of high or low market activity.
• Useful for confirming trends and spotting potential reversals.
• Compatible with all timeframes in MetaTrader 4.
• Easy to install and use with customizable settings.

Free Download

Download the “destiny-volatility-indicator.ex4” indicator for MT4

Indicator Example Chart (EUR/USD H1)

Below is an example of the Ticks Count Forex Indicator applied to a trading chart.

The Pips Hunter Ticks Count MT4 Strategy

This strategy combines the Pips Hunter Indicator with the Ticks Count Forex Indicator to form a robust and simple trading system.

The Pips Hunter provides clear entry and exit signals with its arrows, while the Ticks Count serves as a crucial filter, measuring real-time market activity.

This synergy allows you to confirm that a trade signal is generated during an active market, helping to filter out false signals that can occur during periods of low volatility.

The strategy is designed to be effective on any currency pair and is particularly well-suited for time frames from M5 to M30.

Buy Entry Rules

• The Pips Hunter indicator displays a light-blue buy arrow on the chart.
• The Ticks Count indicator shows a high number of ticks, confirming strong market activity and volatility.
• Stop Loss: Place it just below the most recent swing low.
• Take Profit: Aim for a fixed target of 10-20 pips, or exit the trade when the Pips Hunter indicator gives a sell signal (light-red arrow).

Sell Entry Rules

• The Pips Hunter indicator displays a light-red sell arrow on the chart.
• The Ticks Count indicator shows a high number of ticks, confirming strong market activity and volatility.
• Stop Loss: Place it slightly above the most recent swing high.
• Take Profit: Aim for a fixed target of 10-20 pips, or exit the trade when the Pips Hunter indicator gives a buy signal (light-blue arrow).

Advantages

• Clarity and Simplicity: The strategy’s rules are straightforward to follow. The Pips Hunter provides a clear visual signal, and the Ticks Count provides a simple activity confirmation.
• Improved Reliability: Using the Ticks Count as a filter helps to avoid entering trades during choppy or range-bound markets. This significantly reduces the risk of false signals and improves the win rate.
• Versatility: The system is designed to work on a variety of currency pairs and is effective across multiple time frames, making it adaptable to different trading styles.

Drawbacks

• Signal Lag: Like many indicators, the Pips Hunter can sometimes generate signals after a significant portion of a price move has already occurred.
• Not for All Conditions: This strategy is less effective in low-volatility environments. Trading during quiet sessions can lead to fewer valid signals and potential losses.
• Subjective Tick Count: What constitutes a “high” tick count can be subjective. Traders must determine a personal threshold or baseline for what they consider to be an active market.

Case Studies

Case Study 1: Buy Trade

On an M15 chart for EUR/USD, the Pips Hunter indicator generated a light-blue arrow.

At the same time, the Ticks Count indicator showed a high tick value, indicating a period of high market activity.

A buy trade was entered with a stop loss placed below the previous swing low.

The market continued its upward momentum, and the trade was successfully closed for a 15-pip profit.

The high tick count provided the confidence needed to take the trade.

Case Study 2: Sell Trade

On an M30 chart for GBP/JPY, a light-red sell arrow appeared from the Pips Hunter indicator.

The Ticks Count was showing a low value. The trader decided to wait.

After a news release, the Ticks Count spiked, and the Pips Hunter indicator gave another sell signal.

The trader entered the trade with a stop loss above the recent swing high.

The price dropped sharply, and the trade was closed with a 20-pip profit.

This example demonstrates the importance of using the Ticks Count to filter out signals during quiet periods.

Strategy Tips

• Focus on Volatility: Use this system during the London and New York trading sessions, as this is when tick counts are naturally higher due to increased market participation.
• Practice First: Test this strategy on a demo account to get a feel for what constitutes a “high” tick count on your chosen currency pair and time frame.
• Risk Management: Always use a stop loss. It is your primary tool for managing risk and protecting your trading capital.
• Don’t Force Trades: If the Ticks Count is low, do not enter a trade even if the Pips Hunter gives a signal. Patience is key to this strategy.

Download Now

Download the “destiny-volatility-indicator.ex4” indicator for MT4

Indicator Specifications

FAQ

1. How does the Ticks Count Indicator differ from traditional volume indicators?

Traditional volume indicators measure the actual number of trades executed, while the Ticks Count Indicator measures the number of price changes (ticks) within a specified period. This provides a different perspective on market activity.

2. Can this indicator be used for scalping?

Yes, the Ticks Count Indicator can be used for scalping strategies, especially when combined with other indicators to confirm short-term market movements.

3. Is the Ticks Count Indicator repainting?

No, the Ticks Count Indicator does not repaint. It provides real-time data based on the current market conditions.

4. Can I use this indicator with other trading strategies?

Yes, the Ticks Count Indicator can be integrated with various trading strategies, such as trend-following or breakout strategies, to enhance decision-making.

Summary

The Ticks Count Forex Indicator for MetaTrader 4 is a valuable tool for traders seeking to understand market activity through tick counts.

By identifying periods of high or low activity, traders can gain insights into potential trend strength and reversals.

When used in conjunction with other technical analysis tools, this indicator can enhance trading decisions and improve overall strategy effectiveness.