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You can do it not only on ticks but on timer events.
These are just "tricks" to improve responsiveness, but the complete data will not be available more quickly. Your idea is good of course, but ... (see next post)
I have... the thing is, it's an indicator showing the upper and lower boundaries of the value area of the market profile. That means i have to calculate the market profile for each bar which takes some time, but I can't see how I could possibly speed that up without loosing accuracy.