Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,019
@Abusamjad91, be surprised if anyone tried to sell or market that type of tool as it would likely be very complex. At times a 200 tick chart could take seconds if it is a stop run and then during overnight trading it could take minutes to hours.
As @jmont1 said, sometimes a tick chart will be very, very fast, other times super slow. This is because a tick chart depends on the number of trades being made. In busy times, such as right at the open and several minutes after, there will be a huge number of bars, but the 5 minute chart will not even complete just one. You can't expect the time and the tick bars to have any equivalence that isn't just momentary. The ratio will change, and not by a predictable number.
Renko is worse, because they depend only on the number of ticks that make up a bar. You can get a near-instantaneous surge of many, many renko bars during periods of sudden strong swings, and they can put you to sleep during periods of low change.
The bars do not have any reliable equivalence, because they measure different things, and the relations between those things will change, somewhat non-predictably, depending on activity.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
