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Use and customize tick chart

With MetaTrader4 (MT4) / MetaTrader5 (MT5), you can check the tick charts from the Market Watch or when placing a new order. A tick is the smallest unit of data that represents price. And a tick chart shows the price fluctuation in ticks. Tick charts detect price movement faster than any other chart, so it's often used for short-term trading such as scalping (a trading strategy in which traders profit off small price changes). Here, we'll take a look at how to use and customize the tick charts in the Market Watch screen.

mt4
mt5

Step 1

In the "Symbols" tab of the Markets Watch, click the symbol for which you wish to display a tick chart, and switch to the "Tick Chart" tab.

Related article: Manage symbols in Market Watch

Market Watch Market Watch

Or, in the "Symbols" tab of the Market Watch, right-click the symbol for which you wish to display the tick chart and select "Tick Chart".

Context menu on the Market Watch Context menu on the Market Watch

Step 2

The tick chart for the symbol of your choice will be displayed in the Market Watch.

Tick chart Tick chart

Step 3

To set up the tick chart, right-click on it and select the item you want to configure from the context menu.

Context menu on the tick chart Context menu on the tick chart

Number

Item name

Description

1

New Order

Display the new order window.

2

Chart Window

Display the chart for the symbol.

3

Ask Line

Show/hide the Ask price line (red) on the tick chart.

4

Grid

Show/hide gridlines on the tick chart.

Step 1

In the "Symbols" tab of the Markets Watch, click the symbol for which you wish to display a tick chart, and switch to the "Ticks" tab.

Manage symbols in Market Watch Manage symbols in Market Watch

Or, right-click the symbol for which you wish to display the tick chart and select "Tick Chart".

Select Tick Chart Select Tick Chart

Step 2

The tick chart for the symbol of your choice will be displayed in the Market Watch.

The tick chart for the symbol of your choice will be displayed in the Market Watch The tick chart for the symbol of your choice will be displayed in the Market Watch

Step 3

To set up the tick chart, right-click on it and select the item you want to configure from the context menu.

Right-click on it and select the item you want to configure from the context menu Right-click on it and select the item you want to configure from the context menu

Number

Item name

Description

1

New Order

Display a new order window.

2

Chart Window

Display the chart for the symbol.

3

Auto Scroll

Enable/disable the auto scroll for the tick chart.

4

Crosshair

Show/hide the crosshair on the tick chart. You can check the Bid/Ask prices at a specific time by moving it on the chart.

5

Bid Line

Show/hide the Bid price (blue) on the tick chart.

6

Ask Line

Show/hide the Ask price (red) on the tick chart.

7

Last Line

Show/hide the last traded price (light green). If the broker doesn't provide the last price, it won't be displayed regardless of this setting.

8

Grid

Show/hide gridlines on the tick chart.


Date

Created

 : 2022.07.12

Update

Last updated

 : 2022.11.21

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

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Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

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Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

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