Tick Candle: Tick-based MT5 scalping indicator for faster, precise candlestick signals

This detailed Tick Candle review for 2026 presents an in-depth performance analysis using live and demo MT5 data to show how tick-based candlesticks affect trade timing and execution. Tick Candle is unique because it constructs candles from a predetermined number of ticks instead of fixed time intervals, exposing micro-structure price moves and making spread and tick activity visible directly on the chart. The review examines latency, tick aggregation logic, and real-world execution to quantify improvements in entry precision compared to 1M candles. The algorithm counts incoming ticks and closes a candle once the tick threshold is reached; typical recommended settings are 15 ticks per candle for balanced responsiveness and noise reduction. Tick Candle works best in liquid forex and major indices where tick volume is steady; in thin or exotic markets tick aggregation can be inconsistent. Risk management is handled externally by user position-sizing and broker stop placement, though the indicator highlights spreads to inform trade cost decisions. Expected performance characteristics include higher trade frequency, shorter holding times, and tighter intraday targets; the review shows average trade durations under two minutes in tested sessions. Overall, Tick Candle offers a measurable approach to scalping on MT5 that complements automated execution strategies and manual scalpers seeking tick-level granularity.