[strtedat22]

hello,

can anyone explain the difference between tick numbers????...example: 610, 210 tick charts...

thanks

[namstrader]

I believe that it is just the difference of issues that are up vs. the issues down at that moment. So a 610 tick reading means more issues up ticking than at a level of 210 and a more upward bias in the market sentiment or market internals.

[Soultrader]

Originally Posted by strtedat22 »

hello,

can anyone explain the difference between tick numbers????...example: 610, 210 tick charts...

thanks

Hi,

TICK charts are just the number of transactions per bar. So a 610 tick chart plots one price bar per 610 transactions whether each transaction is for 100 lot or 1 lot.

I think nams was thinking of the NYSE TICK chart.

[namstrader]

Yep, sorry for the wrong reply. Bar charts vs tick charts, I am more a tick chart kind of guy and impetuous with my responses, quick on the trigger with trades also and learning to hold rather than grasp.

[thrunner]

Originally Posted by strtedat22 »

.example: 610, 210 tick charts...

It is a matter of preference. Some traders believe their indicator or candlestick analysis has an edge in certain time frame/ tick/ volume bar charts such that they can see details better/faster than other traders. It all depends on the style of trading. Some trend traders for example would rather not see the noisy minute details of a tick chart used by a scalp trader and instead prefer a longer time span to see the longer trend.

[SunTrader]

Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.

[strtedat22]

Originally Posted by SunTrader »

Ticks charts take the time equation out of the picture. A 610 tick on the ES mini S&P covering the overnight globex session may have between a few to maybe a dozen price bars - the timeframe being twice as long as the day session itself. Then during the day session there is generally 200-400 bars.

since it takes the time out of the equation how is it an edge over a person using candles???

Thanks for the other replies guys/girls

[SunTrader]

Originally Posted by strtedat22 »

since it takes the time out of the equation how is it an edge over a person using candles???

Thanks for the other replies guys/girls

Ticks determine the size of the bar, not the shape. In-other-words a 610 tick (or any other number) bar can be a either OHLC bar or Candlestick. Doesn't matter.