The Tick Volume Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) trading platform. It is used to measure the number of transactions that have occurred in a given period of time. The indicator is based on the number of ticks that have been received from the broker’s server during the given period of time. The indicator is used to measure the activity of the market, as well as to identify the strength of the trend. The Tick Volume Indicator can be used to identify the direction of the trend and to confirm the strength of the trend. It can be used to identify the support and resistance levels and can be used to confirm the entry and exit points of a trade. The indicator is also useful for spotting divergences and can be used to identify potential reversals in the market.
MT4
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Tick Volume
The Tick Volume Indicator is a popular and useful free Forex indicator for MT4 trading platforms. It is used to measure the amount of trading activity in the Forex market by monitoring the number of transactions that occur in a given period. The indicator works by counting the number of ticks that occur in a given period. The indicator then calculates the total number of ticks during that period and displays the results in an easy-to-read chart. The Tick Volume Indicator is a great tool for traders who want to gain a better understanding of the Forex market and make smarter trading decisions.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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