Tick Volume Histogram indicator is drawn in the separate window of the chart.

It basically displays the number of ticks at the peak of the histogram drawn in the separate window.

It provides the feature of displaying the histogram in different fashion:

1. If Plot Line and Show Volume  are set to be false, then bar with greater number of ticks is displayed as larger histogram and the bar with lower number of ticks is displayed as smaller histogram.
2. If Plot Line is set to be true and Show Volume is set to be false, then a line connecting the peaks of all the histogram is generated.
3. If Plot Line and Show Volume are set to be true then along with line connecting the peaks of the histogram, value of number of ticks are also displayed on the peak of the histogram.

Tick Volume Histogram indicator provide the feature of setting the color and width of the histogram.

It also provides the feature of setting the width of number of ticks to be displayed at the peak of the histogram.