Lastly, dont use Interactive Brokers (IB) data for Tick Charts Lastly, the IB data feed available via their Trader Workstation Software (TWS) is not a true tick-by-tick data feed. Now I think that information alone would be reason enough to use tick charts, but theres more. Small Average Trade Size Amateur Activity. Similarly, looking out for low value bars allows you to identify what the Amateurs are doing. Or fewer false break-out trades during lunch time. The Emini spiked up on fomc-related news. Open and Close time to coincide with when main Contributing Banks payback bitcoin reset their servers. These show small average trade sizes or Amateurs. Tick Charts are one of my secret weapons and heres why.
Tick Data : Historical, forex, Options, Stock 5 Compelling Reasons to Use Tick TrueFX, tick, by-Tick, real-Time And Historical
If you want volume information on a cash Forex chart youll have to stick with conventional time-based charts and plot tick count as a proxy. However, with a tick chart, new bars are drawn based forex market hours on the number of trades that have been completed and this trade count can be: Filtered by the data feed provider. Now the volume indicator on your tick chart will reference the trade volume data instead of the tick count data. However, with the 3 minute chart the Pull Back was completely missed. Its not ideal but in no way should dissuade you from using tick charts.
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