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I certainly wasn't asking for advice, but to avoid any semantic traps, let me
restructure the question.
Suppose you have two pieces of trading software, one allows tick charts and one
only allows minute charts. If you wanted to use both programs at the same time,
how would you set them up.
So, returning to my recent question, would you set one at 5 min and the other at
50-55 tick? That's what I was getting at when I said "trade".
Brent August wrote:
> I don't know what you mean by trade. I don't give advice on trading its your
> money. But I like tick charts over time charts for all "my" analysis and "my"
> trading. And yes in general to your question.
>
> Stephen Wandling wrote:
>
> > 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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