another version of tick volume?

Tick volume

Tick volume is defined as the number of price changes. Each time trading moves to a new price, the number of ticks by which the price has changed is added to the tick volume.


tick volume only goes up eventhough the changes are down/sell...

so, my idea is, can someone be kind enough to code an indicator that shows how many times a candle changes up or down in a bar?

just like this wick indicator but instead of showing wick, it shows the amount of time the bar goes up or down...

i think it is just a simple thing to do for a coder but a mountain of task for a no-coder like myself...i would really appreciate it if anyone could do this indicator...

thanx for reading this and a big thank you and gratitude if anyone makes this happen...


http://i610.photobucket.com/albums/t...ttanpanama.gif

Candle Volume Is Nothing More Than Sum Of Ticks,
And The Ticks Carry Price Change...bid,ask...
This script will show you every change within candle!!!

Regards

Thanks a lot!

thanx for the script man...really appreciate it, but not like what i had in mind actually...i would like it to be like the wick indicator, i mean like a histogram (it is histogram rite?)

let me put it this way...we know the tick volume of a bar...so if we know which side has more changes than it can give us more info of that bar...for instance:

what tick volume does tell you is the amount of activity going through the market.

a bar has 700 tick volume, so that means 700 transactions...700 transactions by whom? by buyers or sellers? if we know 300 by buyers and 400 by sellers what does that tell u? another if is, although there are 400 transactions by sellers but the price close middle or upper bar, what does that tell u?

anyway, here's hoping someone out there can make this simple indicator...

again i thank you...

Bro, the script does exactly that.....bid and ask number of ticks
represents a buy or sell volume!

Regards

http://i610.photobucket.com/albums/t...sfx/Clip_2.jpg

this is what is on my chart when i attach the script...did i do it correctly?

i should put the script in the experts folder rite?

the first time i did, it showed me some the numbers of tick on the left side...
what i would like is a histogram like the wick indicator on the picture i attach in the 1st post...plus a pop-out number when i put the cursor on the bar, either up or down like any other indicator...

not to say i'm not grateful to u..i am but it is not like what i intended it to look like...

No problem....I will need it too, maybe......
Ill code that in 5min, but Im at work now, so maybe later!
It will be exactly like wick indicator, but with separated volume!

Regards

wow, thanx a zillion bro!!! looking forward to this... have a safe journey back from work...

TRY THIS.......

REGARDS

wow flash, u really stick to ur words to do it after u get back from work...i admire u for that...

this indi is a real beauty and it shows what i want...

but would i be pushing my luck to ask u another favor? could u do it like the wick histogram ie the seller at bottom and buyer on top?

this is becoz, with the wick style, i can put it overlapping the better volume indicator, in the same window...

but if it is too much, what u give here is enuf already...

thank you so much and may God bless u wit many green pips my friend...if u ever come to malaysia, pliz pliz pliz contact me...i will be ur private chaffeur...

LOL....Thanks! I tried to do it like the wick histogram,
but I did not succeed in that task!
I also think that this way of displaying the histogram is better,
cos it is easyer to see the difference.

Malaysia is definitely one of the places I want to see in the future.....

Regards

it's ok...after looking at it for a while, i kinda like it... i'm putting it in a window on top of better volume...

here's waiting for u to visit in future...cheers!!!

This tick indicator counts the number of "up ticks" and the number of "Down ticks"

Is that what you were looking for?

I am looking for a true volume profile type indi. Something simialr to this:

http://www.ninjatrader-support2.com/...kid=179&size=0

Something that would display where the most buy ticks and the most sell ticks are happening over a range of time.

All of the market profile indis for mt4 I have seen do not use tick volume.


Maybe someone can port this code since the Better Volume port went so well.

Here's a link to the post with the zip file of the NT script for this indicator: http://www.forexfactory.com/showpost...&postcount=566

http://www.forexfactory.com/showthre...=148882&page=6

I authored an indicator to help draw support/resistance zones based on the number of bars passing through a specific price point.

thanx ronald for the indicator, but somehow it didnt show anything in the window...i attach a picture...

http://i610.photobucket.com/albums/t...sfx/ronald.gif


i tried changing the background color but still nothing...but i still would like to see how it is supposed to look like...

anyway thanx for attaching the indi...

Naturally, tick indicators cannot show the past. The metatrader terminal does not allow that. So, any information you see in that tick indicator is any data that it captures.

Here is an image of what it is supposed to look like after you let it run for a few bars.

oh ok...will try this indi later on...coz its visual is like the wick histogram i attach...thanx bro...

p/s: the 1st window looks like matrix the movie...

FOREXflash, just so as I can fully understand your indicator:

Can you please explain to me what it means when your TicksSperateVolume indicator shows a green coloured highlight of some up and down candles but not all of them?

thanks for your help
rtb

.

what is that indicator set running on the top right of your screen? That looks like a really handy at a glance tool.