Actual Tick Footprint Volume Chart
New unique light Actual tick footprint (volume chart) designed for use on
futures markets and allows us to see the volume of actual transactions in the moment
when committed. Indicator Actual tick footprint (volume chart) is significantly
Improved tick chart, which is complemented by information on the actual volume
of transactions for a certain price. In addition, this unique indicator for MetaTrader 5 allows
reliably recognize the type of transaction - the sale or purchase.
Indicator similar to a standard
Tick charts, builds in a separate window three lines:
- Line Bid.
- Line Ask.
- Line Last, on which are arranged mugs
digits - volume of the transaction at this price. The size of the circle corresponds to
the volume of transactions, and the color - type of transaction. The red circle indicates the color,
that the transaction was at the price of Bid (interpreted as a sale), green - transaction was at the price of Ask (interpreted
how to buy).
Indicator data completely
Scalping required when trading on futures markets because
allow to define a set of patterns and get the information that
inaccessible to the trader, for example:
- Deal with an exceptionally high
volume. Subsequently, the price at which the transaction took place, these are likely to be
speak resistance. - What kind of transactions take place in
some range - purchase or sale. This allows us to understand in what
direction is expected yield of accumulation. - Behavior of traders at the time of
momentum and level passes - all buy or sell at a sharp price change? - ... and many other situations.
The indicator has a built-in
filtration system and displays only the new transactions that take place on
the changed price or bulking. Transactions with a volume of 1 lot
displayed, but does not subscribe to the plot, which allows to concentrate
focus on the essentials.
I recommend attaching
indicator Actual tick footprint (volume chart) or M1 to M5 to select graphics and
optimal scale. This will allow the best decision both at
Scalping trade, and in finding the optimal entry into the market on a more
long term.
To understand the actions of the player
market and interpretation of volumes I recommend to use this indicator in conjunction with the
my other development - Products Actual depth of market chart,which the
It shows you a histogram of the depth of the market.
Indicator parameters allow
customize the appearance of the graph:
- Ticks on chart - quantity
the latest deals displayed. - Scale in pips - height
vertical scale in points. Should be selected in accordance with the current
volatility. - Color volume buy - marker color
deal to buy - Color volume sell - the color of the marker of the transaction for sale.
- Color label - the color of the signature of the transaction volume on the marker.
Please note some
features:
- The indicator will not work
Strategy Tester, only when working in the real market. You can read
with his work on the video. - The indicator will only work
those instruments, which are broadcast real volume of stock exchange transactions.
First of all, it will be interesting to traders FORTS (FORTS) and other
exchange markets, access to which is to provide a platform MetaTrader 5. - Data in display shows
Only at the moment when it is running. Indicator can display the data which have passed prior to its launch.
Video
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