Rogue Tick Detector Indicator for MetaTrader 5 – Free Download [TradingFinder]

The Rogue Tick Detector indicator in the MetaTrader 5 environment processes the incoming tick stream in real time and identifies any inconsistency in the timestamp or price value.

This trading tool focuses solely on raw price data; therefore, trend direction, candlestick structure, or chart patterns are not analyzed.

When a tick enters the price feed with an invalid timestamp or an abnormal jump between two consecutive price values, the indicator labels it as a rogue tick.

These types of ticks have the potential to create severe requotes or negative price slippage at the moment of order execution, making their monitoring essential for precise trading.

Table of Rogue Tick Detector Indicator

The specifications of the Rogue Tick Detector Indicator are shown in the table below:

Rogue Tick Detector at a Glance

The performance of the Rogue Tick Detector is based on real-time processing of each new tick and comparing it with the last stable tick.

If the tick timestamp does not align with the natural rhythm of price flow, or if its value falls outside the logical fluctuation range of the market, the indicator labels it as a “Rogue Tick” and issues an alert.

This mechanism enables monitoring of data transmission errors from the server or inconsistencies among liquidity providers, marking the suspicious tick with a red arrow on the chart.

Trade Entry Signals in the Rogue Tick Detector Indicator

The signals of the Rogue Tick Detector Indicator are generated based on detecting inconsistent ticks, with the purpose of evaluating price validity at the execution moment:

Therefore, the indicator issues alerts under the following conditions:

• Tick recorded with an invalid timestamp;
• Tick recorded with an expired or out-of-sequence timestamp;
• Abnormal price discrepancy between two consecutive ticks;
• Unusual widening of the Bid-Ask spread at the moment of tick reception;
• Sudden price jump under stable market volatility conditions.

Settings of the Rogue Tick Detector Indicator

The image below displays the settings of the Rogue Tick Detector Indicator in the MetaTrader 5 platform:

• PopupAlert: Display pop-up alert
• EmailAlert: Send email alert
• EnableAuditTrailLogging: Display performance log records

Conclusion

The Rogue Tick Detector Indicator is a price validity assessment tool at the moment of data arrival and plays a crucial role in strategies that rely on highly precise execution points.

The logic of the tool is based on analyzing the purest form of price flow; therefore, data is processed not from candlestick structure, but from the smallest unit of change: the tick.