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MP: Tick, Volume, or Time charts?
What do you use for your MP charts, and why?
If you have a preference, tell the pro's and con's of your preference. I prefer tick. Pro: emphasizes where greatest number of trades went off, not excluding where small time players were active. Not skewed by large volume blocks. Not skewed by low volume time bars which meander away from balance. Con: Does not emphasize where large volume movements occurred. Low volume, high volatility range days appear as important as high volume days. |
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