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Re: Ticks = Minutes?



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Yes If I was sure that both my data feeds were the same.

Stephen Wandling wrote:

> 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'.