What is a Tick Chart?

[mikew 10]

I understand what a 5minute chart is and I understand what a constant volume bar chart is. I assume a tick chart is when each bar changes after the price ticks up or down a certain amount of times?

[henryduncan12 10]

I also don't have any info about tick chart. I hope some other experienced member will assist us.

[TheNegotiator 13]

I understand what a 5minute chart is and I understand what a constant volume bar chart is. I assume a tick chart is when each bar changes after the price ticks up or down a certain amount of times?

 

A trade is a "tick" regardless of volume size. So 100 bought in one go at offer = 1 tick, 3 sold in one go at bid = 1 tick. etc., etc.

 

The number for a tick chart is the number of ticks per bar.

Edited April 26, 2012 by TheNegotiator

[mikew 10]

Hrm, ok so basically its one reported trade that goes through on the T&S. So a 500 tick chart would mean 500 trades per bar. Got it

[Trader1 10]

every candlestick is based on ticks instead of time, one tick is one trade,

usually you can set a tick chart at any number of ticks, the most popular is about 240 ticks which means every candle - if you use candles, it may be bars or even linecharts based on ticks, but then every candle would be 240 ticks, this is an advantage over time based charts because there is only one timeframe to look at, it kinda simplify tings a bit, and they are more exact to support and resistance lines, most brokers don't give you the luxury of tickcharts in their own kinda cheap platforms, this usually occurs only in professional trading platforms. I think Ninja trader has it but to trade live with it you must buy it.

surely eSignal has it, also tradestation