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Rainwoods Tick Chart Indicator and free trial
Hi guys, I got an invitation from rainwood for a free tool
Feel free to check out this here : http://www.rwtickchart.com/freetrial.htm
I you want to buy the indicator : http://www.rwtickchart.com/purchase.htm
| License Type | Price | Description |
|---|---|---|
| 30-day License | 8 USD or 7 EUR |
You will be able to use the indicator for 30 days. After 30 days your username and password will expire and the indicator will stop working unless you purchase another subscription |
| 365-day License | 39 USD or 31 EUR |
Use RainWood's Tick Chart indicator for 365 days then decide if you want to purchase another subscription |
| Full License | 59 USD or 47 EUR |
Use RainWood's Tick Chart indicator without any time limitation |
Comments
A few questions (our team composed by members from BTS is going to test your indicator )
- Is it possible to get value from this indicator from a iCustom function ?
- How to set up a logic w/ this kind of indicator ?
- Is it possible to apply the Hodrick Prescott function on the ticks line and draw it ?
Officially iCustom function is not supported in the current version of the tick chart indicator. However it's possible that you can get High and Low value from the buffers.
If you mean strategy by 'logic', you can use any strategy with this indicator that you use with price charts. Tick chart also show price action the difference is in the time factor. You can read more about tick charts here: http://www.rwtickchart.com/tickcharts.htm
The current version of the indicator has only MA built-in. Later versions of the indicator may support offline charts as well where you can add your own indicators.
Well perfect.
Another question : - How many ticks per second can you fetch w/ this program ?
The indicator uses data feed from MT4, so it uses all the ticks MetaTrader 4 gets from the broker. However it is important to point out that the number of ticks MT4 receives changes from broker to broker.
We need to fetch the ticks and Volume from Level 2 in aim to build a strategy based on ticks
New version of RW Tick Chart indicator has been released.
Here is what's new in version 1.10:
• improved tick data collection and saving method - when changing tick chart the indicator now uses the already collected tick data to create the new tick chart. The old version just emptied the tick chart and started tick data collection from the beginning.
• indicator now supports offline charts as well - now you can add many MT4 built-in and custom indicators to the tick chart
• backtesting speed improved in MT4 Strategy Tester - there is an option in the tick chart indicator settings to enable Fast Mode during backtesting an Expert Advisor
• now a second Moving Average line can be added to the tick chart in indicator window
Learn more at www.rwtickchart.com
Version 1.13 of RW Tick Chart indicator is now available:
Here is what's new in v1.13:
Learn more at www.rwtickchart.com
Very good it is worth sharing. I shared this information on facebook aswell.
Version 1.14 of RW Tick Chart indicator is now out.
What's new in v1.14:
http://www.rwtickchart.com
Version 1.15 of RW Tick Chart indicator is out.
New features in version 1.15:
www.rwtickchart.com
RW Tick Chart v1.16 has been released.
Here is what's new in version 1.16:
Hi
Tell me how the datas (price_close) made by 70 ticks bars can be fetched and transferted inside an EA ?
You can query the candle objects properties from MQL code and use it in the EA.
New version of RW Tick Chart indicator has been released.
Here is what's new in version 1.17:
• additional indicators: besides the tick chart based indicators released in the last version (Stochastics, MACD, CCI and RSI) we have added tick chart based versions of Williams %R, Momentum and Standard Deviation indicator
• button added to open offline chart: if offline tick charts are enabled, a button will be shown in the indicator window which makes it easier to open the corresponding offline tick chart
• optimizations and bugfixes since the last version
www.rwtickchart.com
an explanation is given here => https://www.youtube.com/watch?t=280&v=UYi1szS91UQ
also, using ticks is better than using charts
https://www.youtube.com/watch?v=0qkTLxIfhys
New version of RW Tick Chart indicator has become available.
Here is what's new in version 1.18:
http://www.rwtickchart.com
We have released a new version of RW Tick Chart indicator and also prepared a new demonstration video:
http://www.youtube.com/watch?v=tquZX9VO8Kc
OK thanks I just bought a full license
All the best
Unfortunately using of function iCustom() with RW Tick Chart indicator is not supported since RW tick Chart is much more complex then the MT4 built-in indicators.
So you have two options:
1. the easier way is to use offline tick charts and add the EA to the offline tick chart. Then you can use the standard functions like Open[], Close[], High[], Low[] and Time[] to get the values similar as it is done on the standard charts
2. the more complex way is to get the tick candle values by querying the drawn objects in the indicator window. This way you don't need to use offline tick charts. Here is how to do it:
First you have to add RW Tick Chart indicator to a main chart and keep in mind how many ticks a candle contains (e.g. a 133-tick chart contains 133, a 233-tick chart contains 233). This is defined in the 'Number of ticks per candle' setting of RW Tick Chart indicator.
So the current (unfinished) tick candle's name on a 133-tick chart would be "RW-133-tick_CandleBody0"
The last (finished) tick candle's name on a 233-tick chart would be "RW-233-tick_CandleBody1"
The indicator ID can somewhat modify this naming convention. If the indicator ID is set to a non-zero value (e.g. to '74', default is '0') then the name format will change to "RW-233-tick-ID74_CandleBody1"
According to the above statements here is how to get the OHLC values in your MQL code for the last finished candle:
double openprice=ObjectGet("RW-233-tick_CandleBody1",OBJPROP_PRICE1);
double closeprice=ObjectGet("RW-233-tick_CandleBody1",OBJPROP_PRICE2);
double lowprice=ObjectGet("RW-233-tick_CandleWick1",OBJPROP_PRICE1);
double highprice=ObjectGet("RW-233-tick_CandleWick1",OBJPROP_PRICE2);
Getting the Open Price value for the current (unfinished) candle would look like:
double openprice=ObjectGet("RW-233-tick_CandleBody0",OBJPROP_PRICE1);
Getting the Last Price value for the current candle if the indicator ID is set to 74:
double lastprice=ObjectGet("RW-233-tick-ID74_CandleBody0",OBJPROP_PRICE2);
For candle open time you need to open the settings of RW Tick Chart indicator and set 'Add time value to tick candle description' to 'TRUE'. Then you can use the following code to get the candle open time:
datetime opentime=StrToTime(ObjectDescription("RW-233-tick_CandleBody1"));
Q\ regarding indicators
A\ No, those are different. For those indicators you could try iCustom function:
tickchartRSI = iCustom(NULL,0,"RWTC.RSI",0,"",14,0,i); // where 14 is period of RWTC-RSI and 'i' is the shift of tick candle
tickchartWilliams = iCustom(NULL,0,"RWTC.Williams-pR",0,"",14,0,i);
tickchartStochMain = iCustom(NULL,0,"RWTC.Stochastic",0,"",5,3,3,0,i);
tickchartStochSignal = iCustom(NULL,0,"RWTC.Stochastic",0,"",5,3,3,1,i);
However please be careful and use this for your own risk as we didn't test this functionality thoroughly. I just did a quick test now and it seems to work OK.
RW Tick Chart v1.20 has been released and it is already available for customers.
The new version contains more added options for offline tick chart updating and some other optimizations.
www.rwtickchart.com
Trade the price action using tick charts
Use RW Tick Chart indicator on MT4 platform and watch the tick chart in MT4 indicator window or add your custom indicators to offline tick charts
very good