Download - FX Blue Tick Charts for MT4
If you are looking for a way to create custom charts for timeframes that are not available by default in MetaTrader 4, such as 10-second charts, 3-minute charts, or tick charts, then you might want to try FX Blue Tick Charts for MT4. This is a free tool that lets you generate offline charts for any symbol and timeframe you want, using a simple Generator EA that runs on a normal chart. In this article, we will explain what FX Blue Tick Charts for MT4 are, what benefits they offer, how to download and install them, and how to use them effectively. What are FX Blue Tick Charts for MT4?
FX Blue Tick Charts for MT4 are a type of custom chart that shows every change in the ask or bid price of a symbol. Unlike normal time-based charts, tick charts do not have a fixed duration for each candle or bar. Instead, they show the price movement in terms of ticks, which are the smallest possible price changes. For example, a T5 tick chart will show a new candle every time there are 5 ticks in either direction.
download - fx blue tick charts for mt4
Tick charts are useful for short-term traders who want to capture the market volatility and see the changes in the spread. They can also show a tick speed indicator, which illustrates the active and quiet periods in the market. Additionally, tick charts can be converted into tick candles, which are similar to normal candles but based on ticks instead of time. Benefits of using FX Blue Tick Charts for MT4
There are several benefits of using FX Blue Tick Charts for MT4, such as: They allow you to create custom timeframes that are not supported by MT4, such as M3 or H8.
They let you see the market dynamics more clearly and identify trading opportunities that might be missed on normal charts.
They enable you to use most EAs and indicators on the custom chart without modification.
They are easy to download, install, and use with the help of the Generator EA.
How to download and install FX Blue Tick Charts for MT4
To download and install FX Blue Tick Charts for MT4, you need to follow these steps: Go to [this link](^1^) and click on "Free download".
Run the setup program and choose one or more copies of MT4 where you want to install the EA.
Restart MT4 in order for its Navigator list to update after new EAs are installed.
How to use FX Blue Tick Charts for MT4
To use FX Blue Tick Charts for MT4, you need to do the following:
Open a chart for the symbol you want to create a custom chart for, e.g. EURUSD.
Add the "FX Blue - Custom Timeframe Generator" EA to the chart by double-clicking on it in the MT4 Navigator list or dragging it onto the chart.
Set the parameters of the EA according to your preferences. For example, you can choose the type of custom chart (tick, seconds, minutes, hours), the number of ticks or seconds per candle or bar, whether to interpolate empty bars or not, whether to create history data or not, etc.
Once the Generator EA is running, open the custom timeframe that is added to the list of offline charts. For example, if you set the EA to create a T5 tick chart, you can open the EURUSD,T5 chart from the File -> Open Offline menu.
You can now use the custom chart as you would use any other chart in MT4. You can apply EAs, indicators, templates, drawing tools, etc. to the custom chart. You can also switch between different custom charts by using the Window -> Tile Windows or Window -> Cascade commands.
Note that the custom chart is updated only when the Generator EA is running on the source chart. If you close the source chart or remove the EA, the custom chart will stop updating. Also, if you change any of the EA parameters, you need to delete and recreate the custom chart.
Conclusion
FX Blue Tick Charts for MT4 are a great tool for traders who want to create and use custom timeframes and tick charts in MT4. They are easy to download, install, and use with the help of the Generator EA. They offer several benefits, such as showing the market volatility, spread changes, tick speed, and custom candles. They also allow you to use most EAs and indicators on the custom chart without modification. If you are looking for a way to enhance your trading experience and analysis with custom charts, you should definitely give FX Blue Tick Charts for MT4 a try.
FAQs
Here are some frequently asked questions about FX Blue Tick Charts for MT4:
Q: How much does FX Blue Tick Charts for MT4 cost?
A: FX Blue Tick Charts for MT4 is a free tool that you can download from [this link].
Q: Can I use FX Blue Tick Charts for MT4 on any symbol and timeframe?
A: Yes, you can use FX Blue Tick Charts for MT4 on any symbol and timeframe that is available in your MT4 platform. You can also create multiple custom charts for different symbols and timeframes at the same time.
Q: Can I backtest EAs on FX Blue Tick Charts for MT4?
A: No, you cannot backtest EAs on FX Blue Tick Charts for MT4 because they are offline charts that are not supported by the MT4 Strategy Tester. However, you can use EAs on live or demo trading on FX Blue Tick Charts for MT4.
Q: How can I convert tick charts into tick candles?
A: You can convert tick charts into tick candles by using the "FX Blue - Tick Candle Converter" indicator that is included in the FX Blue Tick Charts for MT4 package. You can add this indicator to any tick chart and it will create tick candles based on your settings.
Q: How can I see the tick speed indicator on FX Blue Tick Charts for MT4?
A: You can see the tick speed indicator on FX Blue Tick Charts for MT4 by using the "FX Blue - Tick Speed" indicator that is also included in the package. You can add this indicator to any tick chart and it will show you how many ticks per second are occurring in the market.
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