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Converting time based charts to volume and tick based charts
I would like to get as much feed back from traders who have experience with tick based and volume based charts. I have been trading time based charts successfully for over 6 years as I am a price action supply and demand trader.
My time-frames vary based on style and length of position (scalp, intra-day swing, swing and position)
as of now these are the variations:
scalp - 60 min / 15min / 5 min /2 min
intra-day swing - 240 min / 60 min / 15 min / 5 min
swing and position - weekly / daily / 240 min / 120 or 60 min
the reason i display this information is because I am looking for accurate feedback towards converting these identical fractals into tick charts and volume charts.
Volume Charts:
scalp?
intra-day swing?
swing and position?
i want to find the best volume charts that match the same time based fractals relative to to those variations.
Tick based charts:
scalp?
intra-day swing?
swing and position?
i want to find the best tick charts that match the same time based fractals relative to to those variations.
The markets that I am looking to use this breakdown on are:
6A
6B
6E
ES
NQ
TF
YM
CL
GC
NG
each market will have different variations as they all contain different amounts of volume and transactions.....
***I understand everyone has different views on which time-frames are best for their style however I would appreciate is the responses best match the above timeframe fractals in conversions***
I also understand comparing time vs transactions or volume is like comparing apples to almonds but nonetheless markets are fractal regardless of them being time, tick or volume...
I am including a worksheet I have completed that uses one method to convert time to volume using this calculation:
Daily Minutes = (1440-60=1380m)
Average Daily Volume = VOLMA (90period)
Calculation = (VOLMA/1380) = volume per minute
= (volume per minute) x (#mins chart)
= Volume amount for each timeframe
I don't know if this is the most accurate way to consider this and I have not figured out a way to convert time to ticks......
If anyone can please add to this or provide a method to convert time to ticks and volume I would be forever grateful.
Cheers!
Sean Kozak
Golden Zone Trading
Can you help answer these questions from other members on NexusFi?
