Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

strtedat22

TICKS clarification

Recommended Posts

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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
.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.

attachment.php?attachmentid=4654&stc=1&d=1199404317

5aa70e300e3a8_EStickvoltime2008-01-03_184843.thumb.png.b76c9382d470a0fbccabcb00a9740b9d.png

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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???:confused:

 

Thanks for the other replies guys/girls

Share this post


Link to post
Share on other sites
since it takes the time out of the equation how is it an edge over a person using candles???:confused:

 

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.

Share this post


Link to post
Share on other sites

I use both tick charts, seconds, minutes and day charts.

 

My main attention goes to 540 seconds, if that looks ok, I determine my entry point from a tick chart. The minute chart I use 53 min as resolution, which give me an excellent overall view of the main trend. I use the day chart to indicate what kind of trade I should primarily take, short or long.

 

I would also like to mention that different resolutions, sure gives different candlesticks and thereby also different patterns. So allways remember to use different charts to be sure of whats going on :)

 

oopss.. forgot to mention that a tick actually is a trade, either to buy or sell side. Don't confuse a tick with a quote ;)

Edited by januson
forgot an important notice

Share this post


Link to post
Share on other sites
I use both tick charts, seconds, minutes and day charts.

 

My main attention goes to 540 seconds, if that looks ok,

What platform allows for seconds? Realizing 540 seconds = 9 minutes of course.

Share this post


Link to post
Share on other sites

Thanks,

 

Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading?

 

Thanks,

strtedat22

Share this post


Link to post
Share on other sites
Thanks,

 

Im a swing trader=hold time: a couple of hours to a few days no more than a week. I make my entry on a 3 minute time frame. I only use DOM, Pivot Points, and RSI. Whats a recommended TICK number for my style of trading?

 

Thanks,

strtedat22

 

I'll scalp if the above conditions are met along with swing trading.

Share this post


Link to post
Share on other sites

Really depends on the market traded and what size movement are are trying to capture. In other words its more personal choice.

 

Popular sizes are fib based 89, 144, 233 and 610 mostly.

Share this post


Link to post
Share on other sites
Really depends on the market traded and what size movement are are trying to capture. In other words its more personal choice.

 

Popular sizes are fib based 89, 144, 233 and 610 mostly.

 

with those numbers that you just provided, which are best for a scalper/swing/longer etc???

 

Thanks,

strtedat22

Share this post


Link to post
Share on other sites

Again it depends on the market and personal choice really, but generally a 50 tick or 89 tick bar would be used for scalping. And to gauge the longer trend during the day 610 ticks probably. I wouldn't think tick charts would be very effective for anything over a 1-3 days as far as swing trading and would use 610 for that.

Share this post


Link to post
Share on other sites
Again it depends on the market and personal choice really, but generally a 50 tick or 89 tick bar would be used for scalping. And to gauge the longer trend during the day 610 ticks probably. I wouldn't think tick charts would be very effective for anything over a 1-3 days as far as swing trading and would use 610 for that.

 

 

thanks for the info Sun and everyone else

Share this post


Link to post
Share on other sites

Bardata needs an open, high, low and close and timestamp before it is can be drawn like a bar, I'm sure you know the concept from OHLC.

 

A tick is just a price, volume and timestamp. But as I mentioned if you've 2 or more ticks then it can be expressed as bardata!! (all bar data is aggregated tick data)

Share this post


Link to post
Share on other sites

Bardata needs an open, high, low, close, volume and timestamp before it is can be drawn like a bar, I'm sure you know the concept from OHLC.

 

A tick is just a price, volume and timestamp. But as I mentioned if you've 2 or more ticks then it can be expressed as bardata!! (all bar data is aggregated tick data)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.