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Re: Design your own System like the Pros Do

Krelian99, Sun Sep 17, 2017 2:07 am

jolugarpe wrote:
Fri Sep 15, 2017 10:38 pm
Hello Sr Krelian, can you tell me what indicator is this footprint? Thanks
In short, you see the volume/tick distribution in the candle, not only accumulated over the whole bar (default) - that's the cluster box. When you want to see it subdivided into Bulls and Bears, you call it footprint. This way you can be pretty sure that a Bearish candle (how a normal chart viewer see it) isn't Bearish but actually Bullish or res versa. For beginners in volume/ticks footprint may be a bit more handy.
Buy-Sell-Cluster-Exhaustion.jpg
It records the ticks because the data history for MT4 doesn't save ticks. So you need to let run your MT4. Depending on your tf you must choose different box sizes: for M5 is 20-30 ticks ok, M15 30-50. Try things out. The file you find in your C:\Users\YourPC\AppData\Roaming\MetaQuotes\Terminal\long_random_number_here\MQL4\Files folder and calls XXXYYYtemp.tks
After 2-3 weeks I archive the file and let begin a new file, because it slows the start of MT4 a bit when growing big.
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