The TickScalper indicator is part of the software package (indicator + trading assistant). Designed to work on small timeframes M1 - M5.
The indicator shows the price movement and the strength of the trend in real time, is a good helper for traders involved in scalping. It can work in tandem with the "Tick Scalper Assistant" trading assistant, which makes transactions on the trader's commands by pressing the corresponding buttons on the indicator panel.
The trading assistant can be downloaded for free from the link:
https://www.mql5.com/ru/market/product/93729?source=Site +Market+My+Products+Page
in the MQL5 market, and is installed on the same chart as the Tick Skalper indicator.
Indicator operation. The indicator shows the strength of the trend as a percentage and gives signals to buy or sell. The signals are displayed on the corresponding buttons on the control panel of the indicator. When the inscription " ▲ Pow " on the top button turns green, this means that the indicator has given a buy signal. Accordingly, a sell signal " ▼ Pow " appears when the inscription turns red. If the labels on the buttons are gray, then there is no signal.
In the case when you have Tick Scalper Assistatnt installed, you can open a position upon receipt of a signal from the indicator by pressing the corresponding button on the panel. Pressing the opposite button closes the open position.
Description of indicator settings:
===INTERFACE SETTINGS=== - interface settings;
In which window is the panel - the control and indication panel can be placed either in the main chart window or in a subwindow. In the main chart window, the panel can be moved to a convenient place using the mouse;
Panel background color - sets the color of the panel;
===SETTINGS FOR ASSISTANT=== - settings for working with the trading assistant Tick Scalper Assistant;
Sound signal - turns on/off the sound when a signal from the indicator appears;
These settings are available in an additional panel that opens if you have Tick Scalper Assistant installed on your chart:
Lot size - lot size of trades opened by the Assistant;
Stop loss level - stop loss value for trades opened by the Assistant;
Take profit level - take profit value for trades opened by the Assistant;
===INDICATOR SETTINGS=== - indicator settings;
Averaging period - setting the period of the main line (red color line);
Averaging method - selection of the main line averaging method;
Average line timeframe - select a timeframe for calculating the main line;
Show activity of traders - show the activity of traders on the signal line of the indicator (Aqua color line);
Use Real Volumes - the activity of traders can be calculated based on real, not tick volumes (if your broker provides such data);
===SIGNAL FILTER SETTINGS=== - setting filters for indicator signals (there are 4 filters);
Filter 1: signal appearance timer - time in seconds during which the indicator can give a signal to open an order. The timer starts counting after crossing the main line and the signal line;
Filter 2: minimum power threshold - if the "Pow" parameter is less than or equal to this value, no signal will be generated;
Filter 3: maximum power threshold - if the "Pow" parameter is greater than or equal to this value, no signal will be generated;
Filter 4: price movement speed ON - enable/disable filter by price movement speed;
Filter 4: set the number of ticks - number of ticks to determine the price speed;
Filter 4: set price speed - how far the price has traveled for a certain number of ticks (set the number of ticks). If the price has passed a distance less than specified in the setting, then the signal will not be given;
