Understanding and Learning about Tick Charts

Posted in News by Trevor Harnett on March 22, 2006

You are highly encouraged to check it out and view the snapshots that point out examples. Pay special attention to the color of the Footprints during the rotations and the color and consistency of the column deltas.
I really feel the tick charts may be the missing link for some traders who have difficulty timing their trades or those who often find themselves on the wrong side of the market.
To display a tick chart Footprint, simply click the black letter ‘T’ next to the yellow clocks on the Footprint toolbar and enter the number of ticks you want each column to represent.

http://www.marketdelta.com/blog/2008/10/footprint-chart/getting-more-out-of-marketdelta-in-volatile-markets/

7 Responses to Understanding and Learning about Tick Charts
  • How do you make a 300 tick chart? Is that something only with the new upgrade?

    JazzyBC
    March 30, 2006 at 9:52 pm
  • JazzyBC,
    You make a tick chart by clicking the black letter ‘T’ just to the right of the yellow clocks on the Footprint chart. You will need the latest version in order to have this feature.

    Administrator
    March 31, 2006 at 6:07 am
  • Most of my “normal” charts have been converted from Tick to using Volume based bars since the CME decided in their infinite wisdom to aggregate ticks. So my question is this, how accurate are CME tick charts in Market delta? Shouldn’t one be using Volume based temporal transitions instead of tick based transitions, since they are not aggregated? Thanks.

    James
    April 4, 2006 at 5:53 am
  • James,
    Regardless of the way the CME is disseminating data, I think tick charts are still very useful as can be seen many of the charts posted to this blog. Whether they are as useful as before is up for debate, but with the addition of volume with tick charts as the footprint displays it creates a powerful combination and something that didn’t exist even a few months ago.
    Currently MarketDelta doesn’t have volume charts, but does plan on incorporating them in the future.

    April 4, 2006 at 8:50 am
  • great to hear that volume bars are being implemented.

    good job guys – the concept & presentation is very good.

    Bertrand
    April 4, 2006 at 4:03 pm
  • Could you discuss ib data, the way it’s disseminated and the subsequent impact that has on tick charts- delta, bidask, volume based etc.. which ones then work accurately or less effectively, which are affected negatively versus say esignal or dtn, which if any (and how) they work differently. thanks.

    Don
    April 5, 2006 at 4:16 am
  • Don raises a very good question and one that I just created a FAQ about and posted to the MarketDelta Knowledge Base. Here is the link to it.
    http://support.marketdelta.com/entries/117533-Interactive-Brokers-IB-Data-Snapshot-Data

    April 5, 2006 at 7:03 am

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