11-22-2011, 11:48 AM
|
#33 |
Join Date: Feb 2009 Location: Ohio Thanks: 11
Thanked 27 Times in 15 Posts
| Re: ES .. the LOW of the Bar is More Volatile Than the HIGH of the Bar.
Quote:
Originally Posted by joshdance » Actually you might be surprised that on my screens right now I have 3 CVB charts, and 1 time-based chart. I find them all useful.
As to a "tick chart" (as opposed to a tick-based chart like CVB, range, etc.), I also do not see any advantage to using them over a constant volume chart. The assertion of some that "95% of ticks are 1 lots" or whatever it was is absurd.
I do disagree a bit on aggregation of ticks by the CME; what I will say is that depending on how the CME chooses to report transactions, a tick chart will differ. After the 2009 changes, for example, tick charts were different, as previously a 100 lot market order was reported as 1 transaction, even though in fact multiple transactions could have occurred. Now, however, a 100 lot market order is reported as 1 tick if it's matched to a 100 lot limit, or 100 ticks if it's matched to 100 separate 1 lot limit orders. Either way, a constant volume bar chart will not vary, and I see no reason to use a tick chart over a CVB one. | CME isn't aggragating ticks, GLOBEX is.
Other than that, I Agree 100%!! |
| |
Linear Mode
