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N-Ticks Chart Creator EA

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  • First Post: Edited Mar 30, 2020 10:24am Aug 3, 2016 9:52am | Edited Mar 30, 2020 10:24am
N-Ticks charts are price-time graphs of candles each of which has equal number of ticks. The EA must be attached to M1 Charts, and the minimum number of ticks is N = 2. In such charts the tick volume of each candle is equal to N. In the following chart, N is set to 10 ticks.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM6.png Size: 30 KB

Below is a chart of 250 ticks,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM6.png Size: 33 KB

Attached File
File Type: ex4 MathTrader7_nTickChartCreatorEA.ex4   108 KB | 1,043 download


Thread Rules:
1. In this thread we only discuss N-Ticks Chart Creator EA presented here. I will IGNORE anyone who writes any irrelevant post in this thread.
2. TBD.

--- Update 2018-07-08 ------
Version 1.02 released. In this version, I fixed the bug causing MT4 to freeze (abnormal termination error fix).

Note: THIS IS AN EXPERIMENTAL VERSION (beta). Please report any bug you may face in this version.
Attached File
File Type: ex4 MathTrader7_nTickChartCreatorEA_beta.ex4   55 KB | 430 downloads | Uploaded Jul 8, 2018 4:55pm
"Life is what happens when you're busy making other plans." -John Lennon
Quoting MathTrader7
N-Ticks charts are price-time graphs of candles each of which has equal number of ticks. The EA must be attached to M1 Charts, and the minimum number of ticks is N = 2. In such charts the tick volume of each candle is equal to N. {image} {file}

Interesting.. N is 10 in this sample chart..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
Quoting baherhosni
{quote} Interesting.. N is 10 in this sample chart..
Yes, it is set to 10. I updated Post 1. Thank you!
"Life is what happens when you're busy making other plans." -John Lennon
Quoting MathTrader7
{quote} Yes, it is set to 10. I updated Post 1. Thank you!

Actually, Thank "you"!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
Quoting MathTrader7
{quote} Yes, it is set to 10. I updated Post 1. Thank you!
Pardon my ignorance but how can I get past data, why does the offline chart start from only right away?
Let it turn and find your entry.
Quoting Intrepidpips
{quote} Pardon my ignorance but how can I get past data, why does the offline chart start from only right away?
MT4 platform does not save ticks data, the finest data available are Open, High, Low and Close of M1 candles. In the absence of history ticks, Ticks Charts can be created from live ticks only.
"Life is what happens when you're busy making other plans." -John Lennon
Okay thanks.
Let it turn and find your entry.
Quoting MathTrader7
N-Ticks charts are price-time graphs of candles each of which has equal number of ticks. The EA must be attached to M1 Charts, and the minimum number of ticks is N = 2. In such charts the tick volume of each candle is equal to N. In the following chart, N is set to 10 ticks.{image} Below is a chart of 250 ticks,{image} {file}
I run the EA for almost an hour but it doesnt make any order why?...Hope i didnt commit any erroe
Quoting Fancysegs
{quote} I run the EA for almost an hour but it doesnt make any order why?...Hope i didnt commit any erroe
This EA does not trade, it only creates offline charts.
"Life is what happens when you're busy making other plans." -John Lennon
hi, this is old article from mq5 about Equivolume Chart. https://www.mql5.com/en/articles/1504
Hi MathTrader7,
first of all an enormous thank you for all your brilliant trading stuff !!

Meanwhile I prefer using tick bars and for that I want to ask if you could think about
an update of the n-tick chart creator ?
It would be great if it could work on multiple charts.
And the bars should not be deleted if the metatrader4-platform is closed.

Hope you understand what I mean- Thanks again- Thomas.
Hi MathTrader...

what is the difference btwn tick n renko chart?
practising coitus interruptus
USD Rates
Quoting avibe
Hi MathTrader... what is the difference btwn tick n renko chart?
Hi,

The difference betwen tick chart and renko is the following :

  1. The principle of a renko chart is to only show you moves that are a certain amount of pips or % and the change in direction is only showed if price action goes beyond the "filter" values
  2. Tick charts show you every tick, it doesn't matter what the price action is. A change in bid or ask => new tick. Therefore there is absolutely no filtering on such charts

Have a good day,

Quoting Akh12851
{quote} Hi, The difference betwen tick chart and renko is the following : The principle of a renko chart is to only show you moves that are a certain amount of pips or % and the change in direction is only showed if price action goes beyond the "filter" values Tick charts show you every tick, it doesn't matter what the price action is. A change in bid or ask => new tick. Therefore there is absolutely no filtering on such charts Have a good day,
Thanks mate..best
practising coitus interruptus
USD Rates
Hello MathTrader7 .
I have a question:

You wrote: "The EA must be attached to M1 Charts...."
For me, it would be convenient to install your adviser to the auxiliary chart. I switch the timeframe for analysis (M5, M15, H1).

Q: Can I install on your adviser auxiliary schedule, which is not M1?
Stay hungry to be free...
Quoting denya
Hello MathTrader7 . I have a question: You wrote: "The EA must be attached to M1 Charts...." For me, it would be convenient to install your adviser to the auxiliary chart. I switch the timeframe for analysis (M5, M15, H1). Q: Can I install on your adviser auxiliary schedule, which is not M1?
Since i didn't test the advisor for the moment, I can't be sure, but if MathTrader7 has followed the same logic as with his previous indics/ea, M1 is recommended because calculations start with the appearance of a new candle (after having attached the EA) => if you place the EA on a H4 chart that just had a new candle drawn, you will need to wait 3hxx before the advisor starts drawing anything on your offling chart.

However, if the previous problem isn't a concern for you, i guess the advisor should work on any other timeframe (tick chart creation is based on the change of either bid or/and ask price which should be the same on M1,M5, M15, ...)

Btw, changing timeframe while having an EA attached, the offline tick chart might be erased and drawn again with each change. I think it would be best to have an empty chart so that you can attach the EA, and another chart used for analysis.

Have a nice day,
Quoting denya
Hello MathTrader7 . I have a question: You wrote: "The EA must be attached to M1 Charts...." For me, it would be convenient to install your adviser to the auxiliary chart. I switch the timeframe for analysis (M5, M15, H1). Q: Can I install on your adviser auxiliary schedule, which is not M1?
Hello denya,

In the current version, as Akh12851 has explained, it is not possible to switch between timeframes of the chart to which the EA is attached. I will try to find a solution for this in the next versions.

Best,
Math
"Life is what happens when you're busy making other plans." -John Lennon
To Math: do you maybe have any indicator to measure time used to form each bar in the tick chart? something like a histogram in indicator window maybe?



Quoting denya
Hello MathTrader7 . I have a question: You wrote: "The EA must be attached to M1 Charts...." For me, it would be convenient to install your adviser to the auxiliary chart. I switch the timeframe for analysis (M5, M15, H1). Q: Can I install on your adviser auxiliary schedule, which is not M1?
I use the tickchart generator ea and minimize it and use other chart for analysis and trading
In the end its just a stupid numbers game
Quoting avibe
Hi MathTrader... what is the difference btwn tick n renko chart?
renko candle have various amount of ticks and renko candle have exact number of points (or pips)
tick n candle have the same amount of ticks and tick n candle have various amount of points (or pips)
Thank you Math, nice idea
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