Tick Charts MT5 – Free Download

Download the Tick Charts MT5 – Free & Ultra-Precise Price Action Trading Tool

See the market in its purest form with Tick Charts for MT5, designed to display price movement based on real transactions instead of time. This gives you a crystal-clear view of true market momentum, helping you spot micro trends, breakout bursts, and high-precision entry opportunities with unmatched accuracy. It’s perfect for scalpers and advanced traders who demand the most detailed price action possible.

Get your free Tick Charts MT5 download below and start trading with next-level market precision in just minutes.

Introduction to Tick Charts in MT5

Tick charts in MetaTrader 5 (MT5) offer traders an alternative way to view price data compared to traditional time-based charts. Instead of plotting price changes over fixed time intervals, tick charts plot a new bar or candlestick after a specific number of market transactions (ticks) have occurred. This can reveal short-term market movements more clearly, especially in fast-moving or highly liquid markets.

MT5, being a multi-asset trading platform, supports a wide range of charting tools, but tick charts are particularly valuable for traders who want to capture micro-level market changes and act on them quickly. Unlike one-minute or hourly charts that might conceal micro-fluctuations due to averaging over time, tick charts display the raw sequence of trades without temporal smoothing.

How Tick Charts Work

In MT5, a tick represents a single change in the bid or ask price of an asset. A tick chart accumulates these changes and draws a new candle or bar after a predetermined number of ticks have been recorded.

For example:

• A 5-tick chart creates a new bar every time 5 price changes occur.
• A 100-tick chart produces fewer but more aggregated bars, smoothing out micro-noise.

The structure of tick charts is inherently different from time-based charts:

• Variable time intervals: The time it takes to form a candle can vary from seconds to minutes, depending on market activity.
• High activity = faster chart movement: In volatile markets, bars are formed rapidly.
• Low activity = slower updates: In quiet periods, it may take longer to form a single bar.

Advantages of Tick Charts in MT5

1. Precision in Short-Term Trading

Tick charts allow scalpers and day traders to monitor every significant price movement, giving them an edge in entering and exiting trades with minimal lag.

2. Reduced Market Noise

Although tick charts show granular movements, they can also reduce noise by aggregating only a fixed number of trades per bar rather than plotting every second.

3. Clearer Price Action

Patterns such as breakouts, reversals, and consolidations can become more apparent on tick charts because they reflect actual market transactions rather than arbitrary time intervals.

4. Better Volume Correlation

Since tick charts are tied to actual price changes, they often correlate more closely with trade volume, providing a more accurate picture of liquidity.

Setting Up Tick Charts in MT5

MT5 natively supports tick data, but its charting interface by default offers time-based intervals. To work with tick charts, traders can:

1. Use the “Ticks” Tab in the Market Watch Window

• Right-click on an asset in Market Watch.
• Select Ticks.
• A small window will display bid and ask price movements in real time.
• While this is not a traditional candlestick chart, it provides a real-time tick stream.

2. Use the MT5 Depth of Market (DOM) Tool

• Go to View > Depth of Market or press Alt+B.
• The DOM shows real-time tick data and liquidity levels.
• This is useful for monitoring market depth alongside tick movement.

3. Install a Tick Chart Indicator or Script

Since MT5 does not provide full tick candlestick charts by default in the main chart window, many traders use custom indicators or Expert Advisors (EAs) to create tick-based chart windows. These tools:

• Convert incoming tick data into bars after a set tick count.
• Allow customizable tick intervals (e.g., 5-tick, 50-tick, 200-tick).
• Can be combined with other technical indicators.

4. Use Offline Charts for Tick Data

Some tick chart tools in MT5 generate an offline chart that refreshes in real time. This allows traders to apply all normal indicators and drawing tools as they would on a time-based chart.

Strategies for Trading with Tick Charts in MT5

1. Scalping

Scalpers benefit from tick charts because:

• They can time entries precisely at short-lived price reversals.
• They see immediate momentum changes without waiting for time-based candles to close.

Example: On a 10-tick chart, a sudden breakout can be spotted and acted upon within seconds rather than waiting for a one-minute candle to complete.

2. Breakout Trading

Tick charts can help identify:

• Breakouts from tight consolidation zones.
• Rapid moves that may be invisible on larger timeframes.
• The true speed of price movement, indicating breakout strength.

3. Order Flow Analysis

By pairing tick charts with volume data, traders can:

• See how quickly ticks are occurring.
• Determine if an upward price move is supported by strong buying pressure.
• Spot exhaustion points where momentum is fading.

4. Trend Following

Larger tick settings (e.g., 100 or 200 ticks) filter out small fluctuations, making it easier to ride trends without being stopped out by noise.

Combining Tick Charts with Technical Indicators

Moving Averages

A simple moving average (SMA) on a tick chart can:

• Smooth out price movements.
• Indicate micro-trend direction.

Bollinger Bands

On tick charts, Bollinger Bands can:

• Highlight volatility expansions.
• Identify overbought and oversold conditions within short-term movements.

Relative Strength Index (RSI)

When applied to tick charts, RSI:

• Shows momentum changes in micro timeframes.
• Helps identify quick overextended moves.

Volume Indicators

Tick volume (available in MT5) correlates with the number of ticks, giving traders a way to confirm the strength of a move.

Limitations and Considerations

1. Requires Active Market Hours

Tick charts depend on market activity. During low liquidity periods:

• Bar formation is slow.
• Patterns may be less reliable.

2. Increased Focus Needed

Tick charts move rapidly during high volatility, requiring constant monitoring.

3. Resource Intensive

Since tick charts track every price change, they can consume more system and network resources.

4. Not Suitable for All Assets

Thinly traded assets may produce erratic tick patterns that are harder to trade.

Practical Tips for Using Tick Charts in MT5

• Choose tick size carefully: Smaller tick counts (e.g., 5 or 10) suit scalpers; larger ones (e.g., 100 or 200) suit short-term trend traders.
• Combine with higher timeframes: Use time-based charts for overall trend direction and tick charts for precise entry points.
• Practice in a demo environment: Tick charts move differently from time-based charts, so practice is essential before live trading.
• Use alerts and automation: MT5 allows you to set price alerts or use EAs to trade automatically when certain tick patterns occur.

Tick Charts vs. Time-Based Charts

Feature	Tick Charts	Time-Based Charts
Bar Formation	After a set number of ticks	After a set amount of time
Market Activity Reflection	Directly proportional to trade activity	Independent of trade activity
Noise Level	Can be reduced with higher tick count	Noise depends on chosen timeframe
Best Use Case	Scalping, micro-pattern detection	Swing trading, long-term analysis
Time Consistency	Variable	Fixed

Conclusion

Tick charts in MT5 offer a powerful alternative to traditional time-based charts, enabling traders to see market activity with unmatched granularity. While they require focus, quick decision-making, and suitable market conditions, they can provide clearer entry and exit points, reduce time-based distortions, and reveal micro-trends invisible on higher timeframes. By combining tick charts with sound risk management and complementary analysis tools, traders can harness their full potential for both scalping and short-term trading strategies.