TERRIBLE LOOKING TICK CHARTS - Platforms and Indicators | futures io social day trading
futures io futures trading


TERRIBLE LOOKING TICK CHARTS
Updated: Views / Replies:2,123 / 28
Created: by Ironman9973 Attachments:9

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 9  
 
Thread Tools Search this Thread
 

TERRIBLE LOOKING TICK CHARTS

  #21 (permalink)
Elite Member
New York
 
Futures Experience: Intermediate
Platform: NinjaTrader, TradeNavigator
Broker/Data: Optimus Futures
Favorite Futures: Piano
 
Ironman9973's Avatar
 
Posts: 111 since Jul 2012
Thanks: 53 given, 56 received

I am using this software now, over 4 years. I paid every month 130 USD. And for the software itself I paid two or three thousand dollars.

Maybe I should think about a switch.

So, you also think that this is a software bug? And the answer from the support is not good.

Thanks to everybody for the help.

Reply With Quote
 
  #22 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received


Ironman9973 View Post
A 5 tick breakout chart is just the name for a range chart with Trade Navigator. I dont understand that neither.

With my understanding every bar should be 5 ticks, with a 5 tick range chart.

As per the answer you've received, it's imo pretty simple:

Ninjatrader emulates artificial open & close, based on the selected range. the body, even the candle is merely a mathematical result of distance from price extreme A to price extreme B.

Trade Navigator is not calculating the bars but rather trying to print the real quotes. In illiquid or volatile markets, that leads to larger gaps between bars or, if trades occur within the same second, bigger bars.

An example:

We start with the candle open at 100. We want a rangebar of 9
The next printed price is 105. Thereafter, without printing any other price, the quote is 85.
Next, within the same second, we print 77 and 65.

with ninjatrader, you'd have the following bars (Open, High, Low, Close)
Bar 1: 100, 105, 96, 96
Bar 2: 95, 95, 86, 86
Bar 3: 85, 85, 76, 76
Bar 4: 75, 75, 66, 66
Bar 5: 65,65,65, ----

with trade navigator, you should see sth like:
Bar 1: 100, 105, 100, 105
Bar 2: 85, 85, 65, 65

as the jump from high 85 to 77 does not exceed 9 ticks for creating a new bar, the same-second quote of 65 is still part of the second bar, also marking it's close when the second passes without any further trades.

So I think it's not a "bug" but just a different way to realize the concept of range based aggregation.
Hope it's clear where the difference in the charting approach is.

Reply With Quote
The following 2 users say Thank You to Scalpingtrader for this post:
 
  #23 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


From my perspective I don't really care so much to know the trade activity in the center of range bars or if the market hit multiple prices in the same second so long as it accurately prints the highs and lows price traveled. I like how the smoothing looks in NT.

Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
  #24 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
Forum Reputation: Legendary

This is one reason why the chart doesn't matter in trading... Everyone is seeing different S*&^.

Reply With Quote
The following user says Thank You to tturner86 for this post:
 
  #25 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received


Itchymoku View Post
I don't really care so much to know if there weren't trades in center of range bars or if the market hit multiple prices in the same second so long as it accurately prints the highs and lows price traveled.

So, then there are two possibilities:

- trade liquid, non-volatile markets
- don't use trade navigator

Personally, I think it can add value as it leaves an impression of outburst in momentum, usually indicating a strong directional bias. Smoothed bars look nicer though

Reply With Quote
The following 2 users say Thank You to Scalpingtrader for this post:
 
  #26 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


tturner86 View Post
This is one reason why the chart doesn't matter in trading... Everyone is seeing different S*&^.

It's like quantum physics ... photons come in both wave and particle form and exist in multiple places at once.

That's why firms hire physics PhDs for quant positions.

Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
  #27 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received


tturner86 View Post
This is one reason why the chart doesn't matter in trading... Everyone is seeing different S*&^.

I would not say that charts don't matter.
But I would agree as to that it's irrelevant if everyone uses the same chart, has the same candlestick values, sees the same gaps etc. etc.

A chart is a support for aggregating price data to help you make your decision. Not for comparing your chart to others. If the chart helps you making good decisions - Positive. If no one else in the world understands it or has it the same - So what?!

my 2c

Reply With Quote
The following user says Thank You to Scalpingtrader for this post:
 
  #28 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
Forum Reputation: Legendary


Scalpingtrader View Post
I would not say that charts don't matter.
But I would agree as to that it's irrelevant if everyone uses the same chart, has the same candlestick values, sees the same gaps etc. etc.

A chart is a support for aggregating price data to help you make your decision. Not for comparing your chart to others. If the chart helps you making good decisions - Positive. If no one else in the world understands it or has it the same - So what?!

my 2c

I am talking more to those who see a certain chart type as an edge.

Reply With Quote
 
  #29 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


tturner86 View Post
I am talking more to those who see a certain chart type as an edge.

Do you think you could trade TPO charts profitably without any other visual pieces of information?

Reply With Quote

Reply



futures io > > > TERRIBLE LOOKING TICK CHARTS

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why Tick Charts instead of Time Based Charts? or other chart types Fadi Traders Hideout 53 October 12th, 2017 11:18 AM
Converting time based charts to volume and tick based charts SeanKozak Commodities Futures Trading 1 April 1st, 2014 10:05 PM
Tick Charts vs Range Charts vs Time Charts sketchbo Traders Hideout 3 March 25th, 2014 10:26 AM
Charts: tick vs time ?? abaker Traders Hideout 24 March 4th, 2011 05:05 AM
Tick charts question martifc Traders Hideout 3 January 21st, 2011 12:43 PM


All times are GMT -4. The time now is 02:56 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.13 seconds with 20 queries on phoenix via your IP 54.92.194.75