Range Bar Charts

Range Bar Charts Range bar charts are based on changes in price and allow traders to analyze market volatility. For example, a 10-tick range bar chart will print one bar each time there are 10 ticks of price movement. So, if a new bar opens at 585.0 in this example, that bar will stay active until price […]

Volume Charts

Volume Charts Volume charts are based solely on the number of shares or volume that is being traded. These bars may provide even more insight into market action because they represent the actual numbers that are being traded. Similar to tick charts, we can examine how fast a market is moving by noting how many (and how […]

Tick Charts

Sources: The Balance ; E-Mini Watch ;     Tick Chart vs. One-Minute Chart for Day Trading Both tick charts and times are essential for traders to understand and the trader may find the use of one chart over the other better suits their trading style. Tick charts create a new bar following a tick—the […]

Data- vs Time-Based Charts

Sources: Investopedia Advantages of Data-Based Intraday Charts Many traders work with intraday price charts based on time intervals that include 5-minute, 15-minute or 60-minute. This categorization means that one bar, whether candlestick or OHLC (open-high-low-close), will print at the end of each specified time interval. For example, bars on a 60-minute chart will print at 9:30, 10:30, 11:30 and so on until the end of […]

Essentials of TA

Source: Trade2Win What is Technical Analysis (TA) and does it Work? – Post #2Technical analysis, commonly referred to as ‘TA’, is part science and part art. John Murphy, author of the book that many regard as the bible on TA, Technical Analysis of the Financial Markets, defines it as “the study of market action, primarily through the […]