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TickData Microscope

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Regular Price $496 Special Price $396

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Product Description

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The image below shows a standard 5-minute candlestick with only the open, high, low, and close prices (OHLC). 

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While this candlestick indicates the OHLC values, it hides the real story of price action within those 5 minutes. As a result, you cannot analyze the exact tick-by-tick movement that constructed this candlestick.

This insight is invaluable because even if 2 bullish candlesticks share identical OHLC values, the price movement that created each can vary greatly. As shown in the image, 2 distinct tick data patterns can lead to the same candlestick, yet tell very different information about market momentum, volatility, and potential reversals.

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TickData Microscope lets you uncover the full price trajectory within each candlestick, showing price data at levels as detailed as each tick, second, minute, volume, or range. Acting as a high-powered “microscope” for candlestick analysis, this indicator allows you to zoom into specific candles or a series of candles according to you preference, revealing the hidden patterns and internal price movements that form each bar. This high-resolution view offers insights to fully understand and interpret price action within every candlestick.

Description

What are the benefits of using TickData Microscope?

  • Help you uncover hidden price action within each candlestick: TickData Microscope enables you to visualize detailed price movement within individual candlesticks - delivering insights beyond traditional tools. This advanced view captures subtle shifts in price, giving you a more accurate, real-time understanding of market behavior.

  • Help you find entry and exit points with precision: With TickData Microscope’s granular view of price trajectory, you can analyze and identify entry and exit points earlier, improving your trade timing and positioning.

  • Help you increase the reliability of signal candlesticks: You can verify the strength of signal candlesticks by analyzing their internal price patterns.
    For example, when a bullish candlestick displays an internal accumulation pattern, such as a double or triple bottom, followed by upward movement, it strengthens the reliability of the bullish signal.
    Conversely, a bearish candlestick showing a distribution pattern, like a double or triple top followed by a downturn, adds confidence to a short trade setup.

  • Help you recognize hidden support and resistance levels: TickData Microscope enables you to identify price gaps and uncover imbalance zones by analyzing the intricate price movements within each candlestick.

  • Support for price action and scalping traders: This indicator is effective for price action analysis, serving as a key resource for scalping strategies where precision is important.

  • Improve other indicators' accuracy: You can combine TickData Microscope with any technical indicator to increase the reliability and accuracy of your trading signals.

  • Develop adaptable trading strategies: With clear visibility into detailed price movements within each candlestick, you can create a variety of trading strategies that respond to different market conditions.

What modes can you use to analyze data effectively?

TickData Microscope offers 2 modes tailored to your analysis needs, whether you're focusing on current market conditions or reviewing historical data.

  • Auto mode: The indicator automatically analyzes and displays detailed data for (N) candlesticks, starting from the current candlestick and extending back based on your settings.
  • Manual mode: You can specify the location, range, and number of candlesticks you wish to analyze.

Important: The timeframe used for analyzing a single candlestick or a series of candlesticks must be greater than the timeframe of the data you want to examine. For example, if you're looking to analyze tick data for a 1-minute candlestick, you'll need to use a timeframe of 1 minute or higher.

Description_2

TickData Microscope provides you with the ability to explore every intricate detail within a candlestick!

Software Changelog

  • 19 Oct 2024 - The indicator was released (built new).

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From very happy customers... 500+ reviews →
  1. product_image TickData Microscope $$
    5 5

    Great customer support, even for free indicators!

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  2. product_image TickData Microscope $$
    5 5

    Solar Wind is well-supported by Grace’s responsive team.

    I have found you, Grace, to be a responsive support person and your communication has been great. Highly appreciated.

  3. product_image TickData Microscope $$
    5 5

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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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