Disliked
What I am thinking is this: An array holds x different values in the same variable. If TickValue stores the Bid, then TickValue[] is an array with the same name that can hold multiple values, so:
- TickValue[1] = 1.3978
- TickValue[2] = 1.3979
and so on.
So:
[list][*]we build up an x sized [color=Blue]tick array. Supposing that we chose a 20 tick array stretching from the most recent tick, TickValue[20]...Ignored
I am not keen on the idea of doing what you are proposing buried within code with no visual feedback - unless I have missed something.
Let me throw something on the table -- using the way Renko charts are built in an OFFLINE mode, a tick chart could be generated with a minimum elapsed time of 1 sec per bar. What you get is a chart where you can see what is going on with the tick stream, you can apply whatever sort of indi to detect the condition you want and you can display a separate window where the elapse time between ticks can be displayed. Between these two charts you can see the two domains together - Price Action, and the related Time element.
Beyond all of this, a second chart could simultaneosly be created where the bar displayed could be a bar showing the current Bid/Ask Spread dynamic instead of the standard mono-sized Renko Bar. The top of the bar would be the current Bid and the bottom of the bar could be the Ask. -- Again another visible dynamic of what is going in with the tick stream.
I have such a generator that can generate Renko bars down to .1 points. Unfortunely this is all wrapped within a much larger EA that I have which I consider to be my commercial effort. Nevertheless, it could be stripped down to the basics to do what I have described above.
Any thoughts out there about this. BTW - talk is cheap, time to do the work is another thing.
If all of this is to far out - forgive me and don't be harsh.
Regards,
KingHigh