Ticks_Volume_Indicator - MetaTrader 5 Script - MT4/MT5 Resource

Indicator calculated using quote volume.

In futures markets, volume data is reported with a one-day delay. To compensate for this, many analysts use a tick volume indicator (Tick Volume™): it allows you to track volume changes during the trading day.

Tick ​​volume indicates the number of transactions executed within a certain period of time, but does not show the number of contracts per transaction. For example, 50 transactions can be processed per hour. But it’s not clear from that number how many contracts were signed for each deal. For example, it could be 50 orders for one lot or 50 orders for 100 lots. From this perspective, price changes do not reflect true trading volume. However, it is a valuable indicator because only it allows you to measure volumes with less latency, albeit at the expense of accuracy.

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was first implemented in MQL4 and released in the code base on February 3, 2008.

Ticks_Volume_Indicator

Attachment download

📎 smoothalgorithms.mqh (134.03 KB)

📎 ticks_volume_indicator.mq5 (6.81 KB)

Source: MQL5 #1919

Ticks_Volume_Indicator - Important points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the use of foreign exchange indicators, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen foreign exchange indicators and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around Ticks_Volume_Indicator - MetaTrader 5 script . Related search terms include: Forex indicator, MT4 indicator, MT5 indicator. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.