Those who say 1 min charts are just noise are not professional traders. we need to know when to use 1 min, 5 min, 15 min ... charts. and for those who use volume based charts, they need to know when to use small, medium, large .... volume charts.
Tell em' max. Minute charts are for pro's and where the real action is. I'll take it even further. I use API data sampled every second and then formed into a chart in Excel. If you think minute charts are just noise, then what do you say about 1 sec charts? Hedge funds can get charts at the 100ms level. That's 1 tenth of a second. HFT trading is in the 100s of nano's and lower, mostly arbitrage, and latency arb, AKA predatory HFT. The funny thing is that you can actually predict the next tick using this stuff if you know what you are doing. It's crazy but it's actually not that far fetched when a single desk handling executions for E-mini's is running 5000 contract orders. Actually, 5000 lot orders was too restrictive so they got cleared by CME to run execution algos of up to 10000 contracts at a time. Desk rep said they can't disclose details to non-desk agents while they are handling orders, regulations an such. But, he also said that their algos are sending the DOW up and down 100 points at a time. Fucking LOL. Learned about this one on ET https://www.elitetrader.com/et/threads/mrtopstep-loses-1-8m-in-flash-crash.339234/#post-4990812 This guy's a badass. Rolling on you systems guys like a boss.