what is tick data? | Forex Factory

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what is tick data?

  • #1
  • First Post: Edited 8:30am Nov 21, 2005 8:29am | Edited 8:30am
hi everyone,
i am a lil bit confused and therefore asking this. what is tick data? i mean how is a tick chart (25 ticks)different from a time frame chart(25 minutes)? how is a tick calculated and how is a tick chart plotted? i searched a lot but could not find any source that clearly tells the difference between them...or the calculation. anyone here that can help me?

regards
gabroo
and i grow...pip by pip.......pip by pip!!!!
  • #2
  • Nov 21, 2005 8:58am Nov 21, 2005 8:58am
Actually pretty simple. With a Tick chart, a bar is created every "so-many" price ticks occur instead of a bar being created in time increments, such as 5 min. 15 min. etc.

Example: with a 144 tick chart setting a new bar would be created every time 144 ticks occur. Not all charting software has the Tick Setting option.


JohnFX
  • #3
  • Nov 21, 2005 9:11am Nov 21, 2005 9:11am
thanx john.....just wanted to clarify......is a tick a price movement of one pip for forex? and one more thing...if its is like you said...then is it safe to say...that if we have a 144 tick chart and the chart does not have long bars....then the market is indecisive....as it is continuesly moving up and down in a small range.
and i grow...pip by pip.......pip by pip!!!!
  • #4
  • Nov 21, 2005 10:09am Nov 21, 2005 10:09am
Quoting gabroo_munda
thanx john.....just wanted to clarify......is a tick a price movement of one pip for forex? and one more thing...if its is like you said...then is it safe to say...that if we have a 144 tick chart and the chart does not have long bars....then the market is indecisive....as it is continuesly moving up and down in a small range.
Well each tick represents and actual trade. Not necessarily always a 1 pip movement from trade to trade. And yes, I would agree that small bars on a tick chart (depending on the tick setting) would indicate a narrow range or consolidation.

Hope that helps.

JohnFX
  • #5
  • Nov 21, 2005 10:17am Nov 21, 2005 10:17am
Quoting JohnFX
Well each tick represents and actual trade. Not necessarily always a 1 pip movement from trade to trade. And yes, I would agree that small bars on a tick chart (depending on the tick setting) would indicate a narrow range or consolidation.

Hope that helps.

JohnFX
I would also like to ad that Tick Charts are only used on an Intra-day basis. They are popular for very short term trading. Many stock index daytraders/scalpers use tick charts.

JohnFX
  • #6
  • Last Post: Nov 21, 2005 1:05pm Nov 21, 2005 1:05pm
thanx john....your help is appriciated.
and i grow...pip by pip.......pip by pip!!!!
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