tick chart vs minute chart
I trade 1m charts using S/R lines and pivots. I was wondering if anyone trades on a tick chart instead of a minute chart. Are there any advantages to a tick chart versus a minute chart. Example 233 tick chart versus a 1 minute chart
I guess the biggest advantage would be the charts are based on volume not time.
Thanks for the help
tick the schedule is better for opening of items.
For the analysis - 1H and 1D.
.... There is a small article on my blog, on this theme.... In Russian :-)
One major advantage is that it reduces the lag.
I trade cable. And the difference between 20 seconds and one whole minute can vary from 10-15 pips.
Thanks for everyone's replys. I am trying to decide - if I am scalping intraday trends then what is more important time or ticks? Should the bars be made of ticks or time? I think ticks would be better because you want to see the movement of Price action not the movement of time.
I am using 233 tick charts with stochastic slow. My entries are based on S/R lines and the stochastic slow is helping to confirm shorts and longs. I am not using stochastic slow as the main trigger. It is giving me more confidence to pull the trigger when I see price action at an s/r line. So far this is working great. On the 233 charts it is easier to see s/r points than it is on a 1m.
On the EC euro futures, I am using a 987 tick chart
What platform or broker are u using for tick charts?
Trade Station. Gain capital.
Minimum 5 min here
I still think that tick & 1 min chart are too noisy. As price there will be very different depending on brokers/ market maker / ECN & liquidity.
For me minimum 5 min.
Anybody who help me with tick chart to MT4?
233 is a fib number. John Carter in his book Matering the Trade talks about using it. It lines up with stochastic slow and s/r points really well.
If you want pure price based chart, check Renko/PNF charts.
The links are :
Wishing you all good luck counting the ticks.
Those artilces are about TIKI DJIA tick index. From what I have read, as well as the author of those articles suggest, TIKI is used to measure market mood.
I will post charts eventually
make no sense to me to envolve fib numbers here.
I use 1, 20, 100 here for scalping, because they give me the best "zoom" between them (100 ticks beeing close to 1m chart; more detailed on high volume, less trash on low volume)
The tick count varies significantly between brokers, and indeed between account types with the same broker.
So a 233 tick chart on one feed can often look nothing like a 233 tick chart from another feed.
Personally, I average the tick count going back ~month. This gives largely the same result irrespective of the feed I happen to be using (using a handy tool from Ovo).
yea, there is the varying amount of ticks also. best way is to just try out the amounts. I tried out a lot to find my values
I trade on 70 tick chart. I think they are much more accurate and based on volume and not the time. =)
© Forex Factory