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tick chart vs minute chart

  • #1
  • First Post: Jul 15, 2010 8:40am Jul 15, 2010 8:40am
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.

Any thoughts??

Thanks for the help
  • #2
  • Jul 15, 2010 10:48am Jul 15, 2010 10:48am
Quoting daniel242
I guess the biggest advantage would be the charts are based on volume not time.
That's how I use them - it takes time out of it and makes me focus on the price - regardless of how long it takes to move. I will say though I have found that a 233 tick bar takes way more than a minute to form.
  • #3
  • Jul 15, 2010 1:16pm Jul 15, 2010 1:16pm
Quoting daniel242
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.

Any thoughts??

Thanks for the help
IMHO:
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 :-)
  • #4
  • Jul 15, 2010 6:29pm Jul 15, 2010 6:29pm
Quoting daniel242
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.
Any lower TF against another TF has a higher advantage.

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.
  • #5
  • Jul 16, 2010 8:22am Jul 16, 2010 8:22am
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
  • #6
  • Jul 16, 2010 8:44am Jul 16, 2010 8:44am
What platform or broker are u using for tick charts?

thanks
  • #7
  • Jul 16, 2010 9:27am Jul 16, 2010 9:27am
Quoting masilva
What platform or broker are u using for tick charts?

thanks

Trade Station. Gain capital.
  • #8
  • Jul 17, 2010 1:02pm Jul 17, 2010 1:02pm
Hi,

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.

Regards
13
Brokers are angels
  • #9
  • Jul 18, 2010 5:26am Jul 18, 2010 5:26am
Quoting daniel242
Thanks for everyone's replys. I am trying to decide -...
Why 233? how did you get this number?


Anybody who help me with tick chart to MT4?

Thanks
  • #10
  • Jul 18, 2010 4:11pm Jul 18, 2010 4:11pm
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.
  • #11
  • Jul 18, 2010 4:46pm Jul 18, 2010 4:46pm
If you want pure price based chart, check Renko/PNF charts.
  • #12
  • Jul 18, 2010 7:04pm Jul 18, 2010 7:04pm
Quoting daniel242
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.

Any thoughts??

Thanks for the help
I believe tick charts help during very high market volatility.
The more experience the closer to the reality
  • #13
  • Jul 18, 2010 9:20pm Jul 18, 2010 9:20pm
Quoting Ivan
I believe tick charts help during very high market volatility.
Long time ago I have read some articles about tick charts and what they actually mean.

The links are :
http://www.movethemarkets.com/blog/2...ick-indicator/

http://www.movethemarkets.com/blog/2...-market-ticks/

Wishing you all good luck counting the ticks.
  • #14
  • Jul 19, 2010 11:48am Jul 19, 2010 11:48am
Quoting Pipstrumpf
Long time ago I have read some articles about tick charts and what they actually mean.

The links are :
http://www.movethemarkets.com/blog/2...ick-indicator/

http://www.movethemarkets.com/blog/2...-market-ticks/

Wishing you all good luck counting the ticks.
Thanks for the replys.

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
  • #15
  • Jun 12, 2015 6:57am Jun 12, 2015 6:57am
Quoting daniel242
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.
sorry for responding old thread....but I always wondered who (and why) came up with 133, 233 and so on
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)
  • #16
  • Jun 12, 2015 7:37am Jun 12, 2015 7:37am
Quoting capoeira
{quote} sorry for responding old thread....but I always wondered who (and why) came up with 133, 233 and so on 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)
I agree that fixed numbers make little sense in isolation.

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).
  • #17
  • Jun 12, 2015 7:54am Jun 12, 2015 7:54am
Quoting honestknave
{quote} I agree that fixed numbers make little sense in isolation. 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
  • #18
  • Last Post: Jan 21, 2016 12:37pm Jan 21, 2016 12:37pm
http://www.investopedia.com/articles...-intervals.asp

I trade on 70 tick chart. I think they are much more accurate and based on volume and not the time. =)

cheers
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