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Understanding of tick volume

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Clemmons
 
 
Posts: 7 since Feb 2018
Thanks: 1 given, 0 received

Tick Granularity, Regular Indicators

Daytrading using ticks offers an amplified view over a minute-based chart for more accurate entry and exit, especially in a volatile investment that can rise or fall quickly within a 1min candle.

I've been successfully testing the following setup and will be comparing and possibly using a composite grid with tick on one side and minutes on the other: (In any case, paper trade until proven!)
  • 10t and 25t charts typically zoomed to a 30 min view.
    (10t is truly revealing, but leads to a lot of unnecessary in-n-out. Too many leaves, no trees, what forest?)
  • Slow RSI at 25 & 50.
    I set overbought & oversold on 80/20. Emergence from these reversal zones is a big warning sign.
  • Ultimate Oscillator on 25, 50, 100
  • 5-Ribbon Moving Average with 25-tick increments

Here is a detailed TICK entry/exit from JNUG on Friday:
(Green Trade states 2.25% but was actually 3%)

I'll update when I have a side-by-side TICK vs MINUTE paper trade day.

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