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Candlesticks with increments of one full pip in PRT
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Candlesticks with increments of one full pip in PRT

  #1 (permalink)
Trading Apprentice
Sydney NSW/Australia
 
Futures Experience: None
Platform: Playing with ProRealTime
Favorite Futures: Currency
 
Posts: 2 since Mar 2016
Thanks: 0 given, 0 received

Candlesticks with increments of one full pip in PRT

Hi,

I read in a few threads that most charting platform allows to display candlesticks in increments of one full pip. I've been trying to set this up in ProRealTime and I haven't been able to. I already asked for help to the technical support team of the broker IG and they say that what I want is impossible to have with them. Also asked the same to ProRealTime support team and they said I should deal with my broker instead. So, I don't know where else to ask, but I guess you may be able to help me with some guidelines or suggestions. Should I try with another charting platform and/or broker in order to be able to get the same settings as in Volman's book?

I really appreciate your help and guidelines.

Regards,

JustY

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Hamburg, Germany
 
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Platform: MetaTrader, Multicharts
Favorite Futures: FX
 
Posts: 16 since Sep 2016
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n-tick bars in one full pip increments for spot eur/usd


@JustY and other Bob Volman followers, were you able to find a charting platform and set up a n-tick chart in full pip incerements for e.g. spot eur/usd? I'm also reading Bob Volman right now and would like to reproduce his examples.
Bob's Dropbox (dropbox.com/sh/1amxmi9af0fk6ej/VA5_ZrjQF1) still shows charts from ProRealTime in 1pip steps, also for 2016. This appears to be different with what PRT/IG support told you, JustY.

The book is dated 2011. I think meanwhile the majority of brokers offer quotes in 0.1pip step. This is also consistent with spreads below 1pip. (Round-turn cost of still about 1pip after commissions is a different thing)

So in worst case one needs a programmable charting platform and a piece of code doing calling round() (or floor() or ceiling() for O,H,L,C). The question is, what is more reasonable? One can even go further and suppress that 0.1pip noise with a hysteresis, say, 0.5pip wide. Most car speedometers with numeric display do it, too, giving you speed in nice 1km/h increments (in Europe)

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