This MT4 indicator is an experiment of mine based on (dynamic aggregated) ticks vs price. Since MT4 does not show us historical ticks with their tick prices (or the amount of up vs down ticks), I created a VSA-like algo that, if necessary, calls a certain amount of ticks from previous bars to measure the live bar. It puts amounts of tick data into an array and that array is dynamic: whenever the current data isn’t enough to make a good judgment, it keeps calling extra data until it does. Also, the calculation can be RSI-like if needed for a clearer relative price momentum. But please be advised, it is still under development and it should not be used as a stand-alone strategy. Combine it, for instance, with a short-term trend to get confirmations on continuous trends, pullbacks, and/or corrections. I also used some popular colors. Enjoy!
Key features
• Trend Mode:
When TRUE, it will color each candle the same color as the last change in trend. If OFF, it only highlights the bars that got the indicator’s attention (including potential direction). Red = Downwards pressure, Green = Upwards pressure.
