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Energy Tick Volume – the indicator helps to estimate price action on volume tick charts created with the indicator Tick Chart.

 

Energy Tick Volume

 

Tick charts allow traders to gather information about market activity. You can see when the market is most active, and you can see when the market is barely moving. Tick chart keeps constant number of ticks per bar and with the indicator Energy Tick Volume provide an easy way of determining market volatility. Increased price movement and sudden slowdown with high energy tick volume can indicate turning points. Movement with low energy can indicate trend continuation. Very low energy - keep away from the market.

Energy Tick Volume – the indicator helps to estimate price action on volume tick charts created with the indicator Tick Chart. Energy volume indicator works only with volume tick charts(offline). In separate chart window the indicator shows amount of tick in time per candle as volume bars. The faster price action, the bigger volume bars. On start history volume bars of this indicator are created from bars on the chart. On main window of the chart the indicator as tick counter the indicator shows current spread, as its background color of corresponding energy volume bar, below ticks remaining and current ATR. Ff tick energy is very high then indicator play short tick sounds according to tick action. Sound can be switched off in 4X Lab or in indicator settings.

Short description: The indicator shows whether the candles have the energy or not. By comparison of tick energy with current candles you can assess candle momentum, breakout (low-medium energy), continuation (low-medium), stop (big energy) or change in direction of price movement (big). Indicator creates past volume bars from one minute history files .hst, which contains only amount of ticks, so it can be inaccurate. In fact collected past volume bars are not important and can be used only for comparison. For trading important are about last 20 candles that allows you asses current price action. Color of background of spread in Candle Tick Counter allows you to not look into a separate indicator window to see current action.

 

Gallery

 

Volume bar colors

For proper trade assessment, colors of bars you need compare with price movement and your technical analysis (S/R, SD zones and so on). To gain skill, analyzing chart history will be very helpful.

Settings

 

The video shows successful updating of the three tick charts with the Energy Tick Volume.  

 

 

If you identify any bugs or if you have any questions or suggestions feel free to let me know. Feedback are most welcome.