Disliked{quote} My tick sizes are dynamic. Bearing in mind that there is no centralised exchange for forex, every broker generates a different number of ticks. I've even seen different accounts with the same broker generating different numbers of ticks!! (different servers) The differences can be huge; I remember one broker generating almost twice as many ticks as another So, let's say that I want a tick chart that approximates the M5. If there were 50,000 ticks in a 24 hour period... And given that there are 288 bars on an M5 chart in a day... 50,000...Ignored
Good morning
Just been watching the charts this morning. nothing really on the radar yet. just waiting for PA to indicate something to me. But I had a question. I'm interested in coding. think its awesome. cant do it tho. tried to learn, but I was terrible at it. Langauge is not my strong suit. Hell, I can barely read, write and speak English and I'm Canadian, ah!
"My tick sizes are dynamic. So, let's say that I want a tick chart that approximates the M5. If there were 50,000 ticks in a 24 hour period... And given that there are 288 bars on an M5 chart in a day... 50,000 ticks / 288 bars = 173 ticks. To put it another way, on average each M5 bar had 173 ticks. "
did you code your chart to readjust to the dynamic timeframe? and do you round up or down to a tick frame supported by Fibonacci or stick with the calculated tick?