Please HELP.... charts without a time component

Discussion in 'Technical Analysis' started by MacroInterest2020, Dec 13, 2020.

  1. Is it [or would it be] possible to construct charts without time. The markets or markets do not understand time. It is buy or sell, right? Demand and Supply.

    If you use point and figure charts or reversal charts wouldn't you capture more of the harmonics of the market? [The market you are trading is like a living organism ( a breathing chest) it your running up stairs it will breather harder and faster than if you are sitting still]

    What chart construct would capture this best?

    thanks
     
    birdman, .sigma and murray t turtle like this.
  2. jbt

    jbt

    tick charts
     
    VPhantom, rohrfa, birdman and 2 others like this.
  3. tommcginnis

    tommcginnis

    What's the difference between breathing hard up the stairs, and not breathing hard at all?

    Theta.

    (Despite the contradiction in your query, jbt's "tick charts" is something into which you should look.)
     
    .sigma likes this.
  4. SanMiguel

    SanMiguel

    You can try renko also
     
    comagnum likes this.
  5. MarkBrown

    MarkBrown

    i use range bars no time there and like @jbt said tick charts or tick bars work well. omitting time is a smart move.
     
    VPhantom, birdman and Overnight like this.
  6. i use time charts and you will run into the same problems with all the other charts with time or without time...range tick momentum whatever way you chart them will give you similar results because fundamentally if you are searching for new ways then you are not making money anymore etc.

    my point is that usually it is the trading not the charts. lets look at a time chart say a 5 minute.
    and this is my beef with price action.
    we all look at different charts even if all running a 5 min bar.

    when did that bar start? 9.30 9.30.02 i mean
    you can starta 5 min bar whenever you want too and that can make a huge difference but no one talks about that and same with renko and tick charts. when do you start your chart??
     
  7. time charts give me a standard frame of reference and thats why i like them
     
    murray t turtle likes this.
  8. I have been using OE3-charts lately, those are timeless, and I am very happy with what I get.
     
  9. maxinger

    maxinger

    use volume charts.
    But this feature is only available on some paid charting software.
     
  10. easymon1

    easymon1

    #10     Dec 13, 2020