time charts draw a new bar after a set period of time, for example after every 5 minutes. Tick charts draw a new bar after a set number of trades, for example after every 1,000 trades
1. Tick Charts allow you to follow the Professionals
2. Tick Charts allow you to fade the Amateurs
3. Tick Charts let you get a jump on breakouts
4. Tick Charts let you “see” more cyclical information
5. Tick Charts compress low activity periods
Tick Charts: 5 Compelling Reasons to Use Tick Charts
1: Open a simple M1 chart
2: run indicator and choose your own preferred ticks per bar on the inputs-tab, (15 if you wish a 15-tick bar chart)
but 33 - 133 - 233 are more random tick charts
3: This chart will start to collect tick data and you will see bars starts to form.
Wait until sufficient bars has formed, and then add your favorite indicators.
when using tick chart do not close 1 min chart because tick chart receive data from it
1. Tick Charts allow you to follow the Professionals
2. Tick Charts allow you to fade the Amateurs
3. Tick Charts let you get a jump on breakouts
4. Tick Charts let you “see” more cyclical information
5. Tick Charts compress low activity periods
Tick Charts: 5 Compelling Reasons to Use Tick Charts
1: Open a simple M1 chart
2: run indicator and choose your own preferred ticks per bar on the inputs-tab, (15 if you wish a 15-tick bar chart)
but 33 - 133 - 233 are more random tick charts
3: This chart will start to collect tick data and you will see bars starts to form.
Wait until sufficient bars has formed, and then add your favorite indicators.
when using tick chart do not close 1 min chart because tick chart receive data from it