Forums > Main > Why do people use Volume, Range and Tic charts?

 Nov 13th, 2006, 07:48 AM #1 fearless9     Join Date: Jul 2006 Posts: 2,057 I have noticed that people reference to odd (strange) sized tic charts. 17, 55, 89, 317, 610 to name a few. They obviously know something that I dont know and I would be interested to read the reasoning behind these carefully selected bar sizes.
 Nov 13th, 2006, 08:19 AM #2 5Pillars     Join Date: May 2006 Location: Austin, TX Posts: 1,870 I came up with the 317 tick chart through testing to get my "speed of signal" in the range I wanted. For my choice it had to do with the overall running average time per bar intra-day, in context of the speed or frequency of the "volume breakdown" MD indicator I use. I guess you could say it was developed from trial and error, until I found a tick level that was consistently perfect for me to "read" signals from.
 Nov 13th, 2006, 08:20 AM #3 Bernoulli     Join Date: Oct 2005 Posts: 225 Some people use fib numbers in the misguided belief that there is some hidden order to the trading universe. Others do it to fit a certain amount of data onto screen real estate or to smooth out price display.
 Nov 13th, 2006, 08:31 AM #4 5Pillars     Join Date: May 2006 Location: Austin, TX Posts: 1,870 A 380 tick chart is good too........ 19.5 X 19.5 = 380.25 (380 is good enough ). Also the 330 tick chart (33.0 X 10.0 = 330). Don't ask me why 19.5 and 33 are VERY significant numbers.
Nov 13th, 2006, 08:40 AM   #5
fearless9

Join Date: Jul 2006
Posts: 2,057
Quote:
 Quote from 5Pillars: A 380 tick chart is good too........ 19.5 X 19.5 = 380.25 (380 is good enough ). Also the 330 tick chart (33.0 X 10.0 = 330). Don't ask me why 19.5 and 33 are VERY significant numbers.

You are drowning me in detail 5P.

If you are refering to ES ( which is the only instrument that I know), the tic bar is going to be more relevant to the time of day than some magic set of numbers.

At 09.31, you could not tell a 317 from a 330 tic bar.

 Nov 13th, 2006, 08:54 AM #6 5Pillars     Join Date: May 2006 Location: Austin, TX Posts: 1,870 Don't worry about the details........I was just having some fun with that post.