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Thanks Brent,
So, if you have been trading, say the 5 min chart in the S&P, you would then
be able to trade in the same fashion on 50 to 55 tick charts (10 or 11 * 5)?
In other words, they are equivalent for trading purposes?
Brent August wrote:
> Yes Its called addition and long division.
> On the S&P big contract I find that 10 ticks equals about one min.
> Somewhere between 10 and 11 ticks per min. This is the day session only,
> does not include the night session. Try your market and see. First I
> create a chart with 4000 tick bars--100 days back(rspz9--day only). Then
> I display the chart with the session bars showing. There will be two bars
> per day, one with 4000 ticks, the other with less. Add the two together
> to get the total for the day then divide by 405(total min. in the day
> session).
>
> Stephen Wandling wrote:
>
> > My question is: Is there a mathematical method of determining the
> > equivalent value of a tick chart for a given value of minute chart?
> >
> > I suspect that the "speed" of the market would be a factor, so I will
> > presume Emini S&P 500. So, given an 8 minute ES bar chart, what tick
> > chart would be equivalent? I am more interested in the 'methodology'
> > than
> > I am in knowing what 'looks right'.
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