Building Realtime Tick Candles with Volume and OHLC Displays
Summary
This TradingView indicator constructs synthetic candles from a chosen number of price updates, rather than from fixed time intervals. Users set ticks per candle and the number of candles to display; the script tracks open, high, low, close, and volume as realtime updates arrive, then draws candle bodies, wicks, and volume bars. It also reports current, minimum, maximum, and average volume, plus the remaining ticks before the active candle completes.
The script is intended for realtime bars only, so it does not provide a historical tick-chart reconstruction. Candle count and color are configurable, and the volume panel’s displayed precision can be adjusted. Because its candles depend on the platform’s live price updates and are not time-based, comparisons with conventional time charts require care; the document offers no performance study or trading signal evaluation.
Key ideas
- Each synthetic candle represents a configured number of realtime price updates.
- The script tracks OHLC values and accumulated volume while a candle is forming.
- Users can adjust the tick threshold, displayed candle count, colors, and volume precision.
- The indicator works only on realtime bars and does not provide a strategy performance analysis.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.