General – getting started
The Quantum Tick Volumes indicator has been designed to help you apply volume price analysis quickly and easily in all timeframes. The indicator takes the broker tick feed and paints the volume bar to match the price action. Where the price has closed higher, then the volume bar is painted blue, and where it has closed lower, then it is painted red. The indicator also displays a horizontal dotted line that marks half of the highest volume bar during each day. This helps to determine whether volume being displayed is very high, high, average or low, and to judge this against the price action accordingly.
- The Quantum Tick Volumes indicator works in all timeframes
- For clarity, we find it is best applied to the bottom of the chart with the Quantum Trend Monitor immediately above
Installation
Open your MT4 platform and in the top level navigation:
- Left click >View
This will open the following window:
- Left click > Navigator
This will open the following window:
- Left click > + icon alongside Custom Indicators
This will open the following window:
- Left click and HOLD – drag the QuantumTickVolumes indicator to a chart, and RELEASE
This will then display the following window. This is where you can configure all the various user settings for your tick volumes indicator. To move from one tab to another simply left click on the grey tab to select the appropriate window.
Common Tab
The Common tab displays two boxes. Both of these should be checked as shown. This ensures that you have enabled the DLL imports as explained in the installation instructions.
Inputs Tab
There are no Inputs for this indicator
Colors Tab
The default colors and settings are defined by field # 1, 2 and 3. #1 is for up volume, #2 is for down volume, and #3 is for the average volume line on the indicator. The colors can be changed as follows:
- Double left click alongside the color you wish to change in the Color field
- Left click on the drop down arrow and a color menu will appear
- Select your preferred color which will then appear as your selection
The width of the Tick Volume bars can also be changed. The default is size 3, but the bars can be made wider or narrower as follows:
- Double left click alongside the color you wish to change in the Width field
- Left click on the drop down arrow and a menu will appear with widths from 1 to 5
- Select your preferred size (1 is the narrowest, 5 the widest) which will then increase or decrease the width of the volume bar
You can also adjust the display of the average line in two ways as follows:
- Double left click in the Width field and from the drop down menu select a width from 1 to 5 which will then display a solid line
- Leave the Width setting at the default of 1, and change the line style under the Style field. Double left click in the Style field, left click on the drop down arrow, and select an alternative from the drop down menu
Levels Tab
There are no user inputs for the indicator.
Visualization Tab
These are the default settings for MT4. There are no user inputs for the indicator.
When you are happy with all your changes:
- Left click the OK button at the bottom of the window, and your Quantum Tick Volumes indicator will be applied to your chart
At this point your Trend Monitor indicator will look something like this:
To increase or decrease the height of the indicator, simply hover you mouse over the two horizontal lines at the top of the indicator, and when a small icon appears, of two small parallel lines:
- Left click – HOLD – and drag to resize the indicator, then release when done
Finally, to remove either or both indicators from your chart:
- Right click on the chart and the following pop up window will appear:
- Left click on Indicators List from the above menu and the following menu will appear:
- Left click the indicator, and then left click the Delete button on the right
