I have recently been trying candlestick charts based on the number of ticks instead of time to trade forex. Its taken a bit of time to get use too, but it seems to offer more information about the movement of the price. where before with time based candlesticks, I may not see for example a reversal pattern developing. With the tick chart I able to see more patterns developing. For forex, the other big benefit has been that I can now get a sense of the volume for price movementt, the more players the more ticks per hour.
Whats your experience and results?
Comments
Are you looking at number of trades per tick or an amount of volume? They are different.
Are you trying to identify real, market activity and not waste your time on a false market
solely manipulated by broker and/or source liquidity? If you are interested in something even close to
a trade-able market, you should abandon Forex and focus on equities or futures.
I'd be interested to try that charting out as, right now, I'm having to watch the bid and ask to gauge entries and exits as a min bar hides too much price action for the intended targets to be worth shooting for.