Show n Ticks Indicator

Show n Ticks Indicator

Show n Ticks Indicator For MT4 is a price-based indicator that provides a buy and sell forex trading signal based on the number of price ticks movement

The Show n ticks indicator for MT4 is a simple price based forex trading buy and sell signal provider. It generates the trading signals based on the minimum price movement in ticks as mentioned in the user input. This indicator does not take the duration to form the n number of ticks, but plots up or down forex arrow trading signals once the number of ticks has formed.

The indicator is simple and price based and is easy for new and advanced forex traders. Additionally, traders can use this indicator in all chart time frames including the intraday and higher ones. Moreover, the indicator helps scalpers, intraday forex traders, and short and long-term forex traders.

Show n Ticks Indicator For MT4 Trading Signals

For better clarity, the input settings are changed to 0.001 in the above image. It plots a white line on the price chart and white up arrows and red down arrows. The arrow trading signals form based on an algorithm that calculates the number of ticks as mentioned in the indicator input. The trading strategy is to enter the markets in the direction of the arrow trading signals.

Once the indicator plots the up bullish white arrow, traders should enter the market with a buy position. A stop loss below the previous swing low will secure this position while traders should book profits at an opposite arrow signal.

Similarly, forex traders can open sell trade with the above trading strategy if a down bearish red arrow appears.

Conclusion
In summary, the Show n ticks indicator for MT4 is an essential tool for traders using price based forex trading strategies.