Understanding Tick Charts

Understanding tick charts: an introduction to tick charts. Read the Full article Below
Hi traders, in this video specifically about tick charts, and the comparison of tick charts vs time charts as an example, we will pick apart some of the key aspects that make tick chart trading valuable to traders.
Why compare tick vs time charts? Time based charts are one of the most popular, so I think adding tick chart trading to your techincal analysis is a great way to understand market movments.
This is just one in a long series of videos designed to give you an edge on traders who, unlike you, don't spend the time to learn all of the tricks to trading.
See all my other videos here: / envisionchart
I strive in this channel to deliver a mix of trading knowledge and practical, applicable, how to trade information related to stocks, futures and Forex markets whether you be a daytrader, stock trader, futures trader, or CFD trader.
I’ve gathered literally thousands of students between my trading courses launched via my website www.envisionchart.com, through Udemy trading, and through private courses. Thousands of students can’t be wrong can they? --- Never miss a new video and subscribe here: kzbin.info...
See all my other videos Here: / envisionchart
The indicators and methods that I use?
Methods: Technical analysis combined with a cursory overview of the market and it’s behavior as a whole. This includes high low mapping, prior resistance/support, multi time frame analysis, technical, and market conditions from outside sources.

[@EnvisionChartBruce]

How about standard candlesticks? kzbin.info/www/bejne/iZqmZmt6eN6La5o

[@rakenrol5414]

Interesting. Please upload live moving tick chart

[@LutefiskSavage]

For the NQ would you ever use a 144, or 89 tick chart to really do an MRI of what is going on with order flow, specifically for scalping? or would that start to create noise in the chart where otherwise there were nice smooth sine waves?

[@kevreutens1543]

Awesome. Thanks

[@johnanthony7635]

Excellent presentation. Could tick charts be used for Forex? Thank you.

[@lawrenceadisa5239]

What number tick charts would you use when comparing to a 5 & 15 - minute chart? Thanks!

[@juxtarepublic6106]

Hi Lawrence, Using information from the video.... 233 ticks is ~5mins, ie: 10mins TF is roughly 512 ticks, hope this helps.

[@basshuntet6128]

Great explanation! So does this mean that if we use less value for tick chart, the data will display a more detailed charts? For example in Bob Volman technique he uses the 70 tick chart and 20 ema line, what do you think about that? Is it more accurate, hope you understand my question, I'm just newbie..

[@hrad392]

Yes it would create more detailed charts. I like Bob Volman's Forex Price Action book, but the 7 set-ups he discussed are too discretionary for my taste. However, by reading his book I got a 80 tick chart strategy idea I am currently working on. Tick charts are really wonderful especially for scalping/intraday trading in fast paste market environments.

[@alexdakar1994]

@@hrad392 joseph james is the best

[@abenamor]

hi! @5:00 but in that flat area, I understand that the tick chart is making noise why the price is flat... We need the price to move to make money. If price is flat and tick chart is showing that there are transactions beeing made, that will not make us money no ? how is it useful in that case

[@officergregorystevens5765]

I'm curious about Renko 1 vs Range 1 if there's a difference between Renko and Range well.. ranges, and time based charts or tick charts

[@EnvisionChartBruce]

A 1 range vs a 1 renko? Yes there is a difference as the Renko will only be able to print when there is a total move of 2 where the range chart can print every one. Say the market moves down 1point. The range bar will be printed. If it move up again 1 point, another will be printed, resulting in two overlapping bars With renko. The market moves down 1, and it prints. In order for the next renko bar to be printed the market would have to move down another 1 or up 2 in order to print. That is why renko bars look like they trend well, but only in hindsight.

[@sandunbro5067]

kzbin.info/www/bejne/epO0kHeKq7WmjdU

[@gamesandexperiments8177]

Could you please elaborate what is the difference between tik chart and range bar? Thanks in advance.

[@tedwachtler4870]

tick charts are based on number of transactions. Range charts are based on price. Time frame charts are based on time.

[@tocarco]

How about tick chart vs. range vs. renko charts? Please can u explain, cuz i find it really confusing. Thanks in advance!

[@EnvisionChartBruce]

Here is my video on Range Chart VS Renko Charts kzbin.info/www/bejne/bX_Io2RsnrWmas0 Tick charts are good at showing the volume in the market because they publish a bar for every pre determined number of trades made. Range charts are good at showing swings in the price action in the market, and removing the noise that tick charts would have. When the market is range bound the Range charts reduce the amount of noise that you see. Renko charts are an odd choice, as they remove some of the key swings in the market. Yes they look good, but the main problem is that they will actually not show the true swings in the market due to the way the bars are printed.

[@_nayl7288]

can you assist me in this query, ass that 2 candles in tick chart have same size ( pip movement). both are reasonable size not small or with long wicks. 2 of them took 1 min to form , the other one took 5 min. to form what would each one means ? if my question is not clear please tell me to explain more

[@EnvisionChartBruce]

Often this is due to a "pause" in the market. You'll see a lot of this if you are trading after hours where the market action is stable, or slow to move over a period of time. If we are talking about just intra day candles (on a tick chart) this would signify consolidation in an area. Buyers and sellers have found a balance within this candle. On a standard candlestick chart this would be better represented with multiple candles trading within a tight range hope this helps

[@william9in]

Thank you for the video! Is it common to use tick charts for swing trading?? I’m not a day trader.

[@EnvisionChartBruce]

Swing trading probably not. If you are using a a less aggressive tick chart for your market it can be fine. The information is still there. But when it comes to longer time frames I think candlesticks are more common and useful.

[@jktrader37]

@@EnvisionChartBruce candlesticks can be made of of time or tick, or volume, sorry but your answer is completely confusing. Tick charts are ONLY used for intra-day trading

[@siddheshtulaskar7132]

Which charting software I need to use to get these tick based bars?

[@EnvisionChartBruce]

The software in this video is NinjaTrader with Kinetic Data feed.

[@siddheshtulaskar7132]

thanks can I do the same witn Amibroker??

[@EnvisionChartBruce]

I'm not sure about Amibroker, I haven't dealt with them. Other platforms like eSignal also work for tick by tick data. You want to make sure you have a charting platform that can handle the huge amount of data that tick by tick charts require. Often even good brokers won't have a charting software that is able to handle this kind of data. Traders rely on 3rd party data providers and charting software

[@siddheshtulaskar7132]

thanks

[@VEEASBETA]

All I know fibo series are like this >> 0, 1, 1, 2, 3, 5, ....144, 233, 377, 610, 987, 1597, 2584, and so on and so on. Could we use 610 instead 466 (twice of of 233)?

[@EnvisionChartBruce]

I mean you really can use any that you want it's just ticks. and i'm not sure how you got the number 610 out of 233? Honestly Fib numbers are very speculative. But if enough people watch them, they could work. There is also the option of non standard second interval charts. They allow you to just watch price action on the smaller timeframes and then the bars will not line up with the closes on standard 10s, 30s, 1 minute 3 minute, 5 minute charts etc

[@VEEASBETA]

@@EnvisionChartBruce fibo series is just simply adding last number with previous number (i.e. 144+233 = 377 and 233+377= 610 and so on). Anyway your explanation on this video helps a lot

[@sensationmusic6109]

👍

[@miguelbean231]

I figured it out

[@FawadZakai]

I use a 10 min timeframe to trade the NQ & ES.

[@andresalfonsochozajaime8868]

I use 1 and 5 min chart. For ticks chart I use 89, 233 and 610 to have a bigger view of the market.

[@EnvisionChartBruce]

Curious about Range Bars VS Renko Bars? We go through both of them in my last video. kzbin.info/www/bejne/bX_Io2RsnrWmas0

[@ghrARASH]

very poor video and very poor educational content . very poor.