Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

traderjim

tick chart indicators

Recommended Posts

Hello All,

 

I am new here and this is my first post. I am a relative newbie to trading, so please bear with me. I just had a question about tick charts and indicators. First, how many ticks do you usually set for each bar? Or does it vary depending on the pace, market, etc? Also, are there any good indicators that one can use on tick charts? I've been trying to figure out the best way to adjust the properties of indicators in ninjatrader to make this work, but I don't think I've succeeded at this point.

 

I like tick charts because they incorporate volume into the data and they just seem like a more intuitive way to see what the market is doing, so I'd really like to figure out a way to trade with them. Thanks.

Share this post


Link to post
Share on other sites

Hey trader Jim

 

Ive been using tick charts for a while now and i luve them. I use the 144t mainly for my enties. I also love the 43 ema for showing trend. The only real indicator i use is a stocastic d 6 4 2 helps smooth out price. (well i do like to look at a few)As far as other ticks its pretty common to see 55t 89t 144t 233t. Most people try to stick with fibb numbers

 

cheers

zentrader

Share this post


Link to post
Share on other sites

zentrader,

 

thank you for sharing. one question, do you trade mainly off of tick charts or do you just use them to find entry/exit points?

 

 

ta trader,

 

yes, i meant the number of trades as opposed to volume.

Share this post


Link to post
Share on other sites
Hey trader Jim

 

Ive been using tick charts for a while now and i luve them. I use the 144t mainly for my enties. I also love the 43 ema for showing trend. The only real indicator i use is a stocastic d 6 4 2 helps smooth out price. (well i do like to look at a few)As far as other ticks its pretty common to see 55t 89t 144t 233t. Most people try to stick with fibb numbers

 

cheers

zentrader

 

 

Same here, 144 for NQ, and YM :) Let me see if I know how to post a chart.

 

Schaefer

5aa70e324261a_NQ011108144tTA.thumb.gif.6dd13c8d31db1941c5bbff7e914bfd15.gif

Share this post


Link to post
Share on other sites

hey jim,

 

heres what i do. I have basically 3 charts up. a 5 min 1 min and 144t. I use the 5 min to give me more of the big picture of whats the day doing. I then basically make all my trading decisions off the 144t chart. I like the way it displays price and i get a better feel for what the market is doing. I run a stocastic over price to help smooth it out for my entry. The one min chart i just mainly use to look at volume(used to trade with minute charts so just have to have one up). I definitly like tick based charts better for reading the market flow. I can see the ups and downs better if that makes any sense.

 

I also would run a 233 and a 377t. I compare the 144t to more of a 1 min the 233 to like a 3 min and the 377 to the 5 min. Really depends on what time frame u like to trade on. Those 3 i would say are the main tick charts but people do use all kinds(at least from traders i have talked too).

 

happy trading jim hope i could help any more questions feel free to drop them.

Share this post


Link to post
Share on other sites

Schaefer,

 

Thanks for posting the chart. Not sure about everything that's going on in there, but I do see that each bar is 144 ticks.

 

 

zentrader,

 

again, thanks for sharing. I do know what you mean about seeing the ups and downs better with tick charts - this is why I like using them as well. i'll probably try some backtesting on the ym using 233t and 377t charts.

 

happy trading.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, watch for a top of range breakout at https://stockconsultant.com/?NFLX
    • SMCI Super Micro Computer stock watch, attempting to move higher off the 34.06 support area at https://stockconsultant.com/?SMCI        
    • UPST Upstart stock watch, pull back to 68.15 gap support area at https://stockconsultant.com/?UPST  
    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.