If you're looking to enhance your trading strategy, you might want to check out this OHLC candlestick chart that tracks the highest ask price and lowest bid price for each bar. It cleverly uses the high price of the candle to capture the highest ask price (the top wick) and the low price for the lowest bid price (the bottom wick).
This approach gives you a clearer picture of real tick volatility, which can sometimes be hidden on lower timeframes. With this information, you can better gauge where to place your stop losses—making sure they're tight where they need to be, and not too close where they shouldn't be.
Normal Candlestick Chart:
OHLC Candlestick Chart with Highest/Lowest Tick Tracking:
Edit:
We've uploaded version 2, which is an optimized version. In this update, the CopyTicksRange function is called outside the loop, reducing the frequency of function calls and lowering CPU load.