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Trend following on Tick Bars


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Trend following on Tick Bars

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  #1 (permalink)
London - England
 
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Classical trendfollowing techniques work well on Daily chart and weekly charts.

Once you delve into smaller time frames (15 mins, hourly), they work less well.
There a number of reasons for this phenomenon I think, it's not a new topic.

However, I am keen to hear about thoughts and opinions about trend following on tick bars.
Does anyone have any experience in this field ?

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  #2 (permalink)
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You can do an autocorrelation test to see if trends are present and to what degree in various time series data. You might also look at the Hurst exponent.

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Market Wizard
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ajk1 View Post
Classical trendfollowing techniques work well on Daily chart and weekly charts.

Once you delve into smaller time frames (15 mins, hourly), they work less well.
There a number of reasons for this phenomenon I think, it's not a new topic.

However, I am keen to hear about thoughts and opinions about trend following on tick bars.
Does anyone have any experience in this field ?

Sent using the futures.io mobile app

there is no good answer on this. use the weekly and daily for trend bias or direction. some traders use pivots for a trend filter.. if the longer term bias or direction is up.. then they will look for long trades on shorter term charts only if price is trading above the center daily pivot. reverse this for shorts. hope it helps

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forgiven View Post
there is no good answer on this. use the weekly and daily for trend bias or direction. some traders use pivots for a trend filter.. if the longer term bias or direction is up.. then they will look for long trades on shorter term charts only if price is trading above the center daily pivot. reverse this for shorts. hope it helps

I use a similar approach though I take a position if a 4hr candle close below the previous day's close in downtrend markets and vice versa.

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Market Wizard
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i use a chart for trend 3 to 5 times larger than chart i am trading for trend direction or not. i use the 55 SMA on the larger time frame chart. if price is above the average and the average is pointing up the trend is up, reverse that for down. if the average is flat or the price is tangled in it , the trend is flat. the problem is most people on this forum day trade futures. because of gaps , news, and other short time frame b.s. it becomes much harder to i.d.

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To follow the trend, one needs to follow the institutions. Whether you use large time frames or tick bars, this is done by following volume. The best way to do this is with Relative volume. If your using tick bars, just look at relative volume based on set time frames. Look for above average relative volume to expect trends and below average volume to exit trend trades and look for ranging moves.

See this blog post by Brett SteenBarger Ph.D Professional Trader.


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