N-Ticks Chart Creator EA | Forex Factory

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N-Ticks Chart Creator EA

  • #1
  • First Post: Edited Mar 30, 2020 9:24am Aug 3, 2016 8:52am | Edited Mar 30, 2020 9:24am
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(s)
File Type: ex4 MathTrader7_nTickChartCreatorEA.ex4   108 KB | 1,993 downloads


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(s)
File Type: ex4 MathTrader7_nTickChartCreatorEA_beta.ex4   55 KB | 1,220 downloads | Uploaded Jul 8, 2018 3:55pm
Trading is the hardest way to make easy money...
  • #2
  • Aug 3, 2016 8:54am Aug 3, 2016 8:54am
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.
  • #3
  • Aug 3, 2016 8:57am Aug 3, 2016 8:57am
Quoting baherhosni
{quote} Interesting.. N is 10 in this sample chart..
Yes, it is set to 10. I updated Post 1. Thank you!
Trading is the hardest way to make easy money...
  • #4
  • Aug 3, 2016 9:12am Aug 3, 2016 9:12am
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.
  • #5
  • Aug 4, 2016 8:25am Aug 4, 2016 8:25am
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.
  • #6
  • Aug 4, 2016 8:28am Aug 4, 2016 8:28am
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.
Trading is the hardest way to make easy money...
  • #7
  • Aug 4, 2016 8:31am Aug 4, 2016 8:31am
Okay thanks.
Let it turn and find your entry.
  • #8
  • Aug 5, 2016 3:48pm Aug 5, 2016 3:48pm
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
  • #9
  • Aug 5, 2016 4:53pm Aug 5, 2016 4:53pm
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.
Trading is the hardest way to make easy money...
  • #10
  • Aug 6, 2016 2:19pm Aug 6, 2016 2:19pm
hi, this is old article from mq5 about Equivolume Chart. https://www.mql5.com/en/articles/1504
  • #11
  • Aug 11, 2016 12:47am Aug 11, 2016 12:47am
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.
  • #12
  • Aug 11, 2016 1:20am Aug 11, 2016 1:20am
Hi MathTrader...

what is the difference btwn tick n renko chart?
practising coitus interruptus
  • #13
  • Aug 11, 2016 1:37am Aug 11, 2016 1:37am
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,

  • #14
  • Aug 11, 2016 1:41am Aug 11, 2016 1:41am
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
  • #15
  • Aug 11, 2016 6:02am Aug 11, 2016 6:02am
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...
  • #16
  • Aug 11, 2016 6:13am Aug 11, 2016 6:13am
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,
  • #17
  • Aug 11, 2016 6:33am Aug 11, 2016 6:33am
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
Trading is the hardest way to make easy money...
  • #18
  • Sep 7, 2016 5:32am Sep 7, 2016 5:32am
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
  • #19
  • Sep 8, 2016 10:15am Sep 8, 2016 10:15am
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)
  • #20
  • Sep 8, 2016 10:16am Sep 8, 2016 10:16am
Thank you Math, nice idea
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