Tick Chart, aka Constant Volume Bars

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Tick Chart, aka Constant Volume Bars 2016-11-11T20:46:16+00:00

Keep an Eye on Motion

Tick chart keeps constant number of ticks (aka volume according to the MT4 vocabulary) per bar. The bars plot faster during high volatility periods and slower during low trading activity, in which way they resemble range bars. On the other hand they do not hide high volume price movement in a narrow range.

  • Precise and Fast and Non-Repainting. Indicator is based on live price feed. Once the price tick arrives, it is recorded and used in all subsequent indicator sessions. Fine data is used only where reasonable, keeping performance at a high level and preserving the data used in previous calculations.
  • Wide Range of Parameter Values. Indicator uses multiple timeframes history, from a week level down to a tick level, ensuring high speed and accuracy for many different input settings.
  • Controlling Performance by a User. Limiting the initial chart length to a fixed number of bars enables user to control chart performance in a defined manner. Moreover, if necessary, indicator can reduce frequency of chart updates.
  • Graphical User Interface. Settings for deployed generators are accessible directly in the chart, both the feed chart and the generated chart. Accessing settings from the generated chart makes parameter handling comfortable.

Installation Guide and First Steps

Watch the video to learn how to install and use the tick chart.


Get OmniaBar License Key Bundled @

ElectroFX

Unique Features

What are additional features of Ovo offline generators?

  • the generator is an indicator rather than a script or EA, which makes it more comfortable for deployment
  • input setting is adjustable from multiple places: from the input dialogue, or from the entry box of an indicator sub-window, or from the offline chart using additional indicators (Omnia Remote, Omnia Auto Range). Settings on the offline chart makes the range switching as flexible as switching between timeframes.
  • safe timeframe switching of the feed chart  (no need for sacrificing the feed chart for a single timeframe)
  • generator can detect and optionally break chart into trading sessions
  • generator uses all available timeframes for the initial model, and it is not bound to a single selected timeframe
  • when starting up, the indicator selects the chart starting anchor from the user-defined chart candles count
  • a single indicator can serve multiple identical offline charts (a single chart ID in multiple windows)
  • detects significant drop-outs in feed and rebuilds the offline chart after the feed updates
  • displays consistent candle tick volume calibrated to regular timeframes, so you may rely on the tick volume in your analysis and EAs
  • guards for a change of the feed server, so it updates the chart if you switch between accounts
  • works properly with symbols having MQL unfriendly names (like "EURUSD..", i.e. trailing double dot in the name)
  • reports unexpected time gaps in the MT4 history, reports inconsistencies between symbol timeframes
  • excludes phantom (no volume) ticks
  • fixes incorrect input for a non-trivial instrument tick size
  • can decrease chart refresh rate on demand
  • indicator development is still open, you may expect fast fixes for new Metatrader builds

13 Comments

  1. SYED September 27, 2015 at 6:58 pm - Reply

    nice universal chart generating indicator,will try and test it if found useful for my trading surely buy it.

  2. martin December 15, 2015 at 5:26 pm - Reply

    does the constant chart software have a “tick countdown” so it is possible to see where the bar is close to closing

    • Milan December 15, 2015 at 5:39 pm - Reply

      Hello Martin, OmniaRemote indicator displays remaining tick volume to bar close.

  3. martin December 15, 2015 at 6:16 pm - Reply

    Thanks Milan, I see that now. I dont seem to have the omnia auto volume indicator downloaded, how do I get it
    Thank you

  4. Photize February 3, 2016 at 9:31 am - Reply

    I would just like to thank Milan for his great customer support, the inclusion of the 4 digit option enabling pipette free candles , in-line with Bob Volman’s Price Action trading method has increased visual recognition of tradeable setups, and of course profits. It will enable traders to fully capitalise on a great scalping method using competitive brokerage spreads and avoiding the costs of proprietry trading systems (Ninja. protrader, Multicharts). the entry price for successfull PA scalping just became affordable. I wish you every success Pho

  5. Aadhil October 16, 2016 at 3:04 pm - Reply

    Hi. Can I create 12 second chart with this?

    • Milan October 16, 2016 at 5:28 pm - Reply

      Sure, any timeframe with a single second resolution.
      Mind that the sub-minute chart precision depends on tick recordings, and a linear interpolation appears for intervals where the indicator was not running for the particular symbol.

  6. Lee March 1, 2017 at 5:08 pm - Reply

    Hi, can the indicator create 2min, 3min…10min timeframe type charts, and 10tick, 20tick,… 100tick type charts?
    Is there a max no/limit of charts it can open at one time? Tks.

    • Milan March 1, 2017 at 5:11 pm - Reply

      No, the tick chart cannot create 2 minute candles. Take a look at the FlexiBar indicator.
      There is a limit of 99 open charts in the MT4 terminal.

  7. Lee March 2, 2017 at 6:11 am - Reply

    Hi Sir,
    Can I have 5 or more different Tick_size candle charts running at same time?
    Can the MT4 terminal or Tick Chart indicator able to support that?
    Tks.

    • Milan March 2, 2017 at 6:36 am - Reply

      No idea if you can, but the terminal definitively can open 99 charts. A single feed chart may host multiple generators, so you may run more than 50 tick charts concurrently.

  8. Lee March 2, 2017 at 8:34 am - Reply

    Hi sir, sorry my bad. You have already answered question on max no of opens (include Tick_charts). Just in case I misread, pls correct me. Tks.

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