New indicator released.

I released a new indicator on the MQL5 Market.

Please check it out and try the demo!

https://www.mql5.com/en/market/mt5/indicator?filter=Bob%20volman

N-tick chart Plus BV candle+ ver2.1(current)

Feature Description

Inspired by Bob Volman’s (BV) scalping method, this indicator transforms standard time-based charts into N-Tick Candlestick Charts, providing a view of the market based on activity (volume of trades) rather than time.

The flagship feature of version 2.0 is the implementation of dual Adaptive Moving Averages (AMA). Unlike a standard EMA, the AMA automatically adjusts its responsiveness based on market volatility. It moves slowly in ranging markets to filter out noise and reacts quickly in trending markets to capture moves, offering a more intelligent and dynamic analysis.

Additionally, a dynamic horizontal grid has been added. This grid automatically adjusts to the visible price range in the sub-window, providing an intuitive visual reference for price levels and pip measurements, crucial for scalping.