1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Live Tick Height Counter MTF accumulates upward and downward tick price distances using tick step precision, then computes directional probability percentages based on recent historical bars. The metrics are displayed via dynamic labels drawn directly on the main price chart at higher-timeframe bar boundaries. Because it relies on real-time tick tracking with varip variables, calculations only function during live market execution and cannot calculate past tick data historically.
Multi-timeframe tick height distance tracking
Real-time up and down tick volume measurement
Directional probability calculation based on lookback history
Dynamic price chart labels with live status updates
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Target Higher Timeframe (MTF)
timeframe
5
htf
Lookback Bars (History)
int
50
lookback
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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