POLL: If you trade intraday, do you use sub-one-minute charts in your trading?

If you trade intraday, do you use sub-one-minute charts in your trading?

  • Yes

    Votes: 23 30.7%

  • No

    Votes: 52 69.3%
  • Total voters
    75
Quote from Gabfly1:

Let's stay on topic, shall we? I have no interest in changing either the broker or software that I am currently using. I have no immediate plans to spend the monthly fee that CQG charges. The principal reason for starting this thread is because I was surprised that a high end service does not provide sub-one-minute charting. The poll is an attempt to judge the reasonableness of their decision. That is all.
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you must give to get.

i'll ask a question, you answer, then you ask.

who is your broker?
 
Quote from killthesunshine:

you must give to get.

i'll ask a question, you answer, then you ask.

who is your broker?
More...

Kill, stop trying to "kill" the intent of the thread.

Back on topic.....I do not use sub one minute charts.
 
If they have a software language like EZ language, just create your own sub minute charts using tick data. It is not as hard as it might sound...
 
Quote from endsongs:

If they have a software language like EZ language, just create your own sub minute charts using tick data. It is not as hard as it might sound...
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But wouldn't the use of ticks result in an activity-based chart rather than a time-based chart? While I have no doubt that activity-based charts have value for many traders, this thread is concerned with time-based charts.

P.S. You have given me an idea for another poll. Thanks.

http://www.elitetrader.com/vb/showthread.php?threadid=204853
 
Quote from Gabfly1:

But wouldn't the use of ticks result in an activity-based chart rather than a time-based chart? While I have no doubt that activity-based charts have value for many traders, this thread is concerned with time-based charts.

P.S. You have given me an idea for another poll. Thanks.

http://www.elitetrader.com/vb/showthread.php?threadid=204853
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What I'm saying is if you want a 10 second chart, for example, just set up an array and store the tick value every 10 seconds of computer time or data time. You can do all the calculations on the array values. As long as the symbol you are looking at trades more than once every few seconds, you should enough data for a sub minute bar.
 
Quote from Gabfly1:

...The principal reason for starting this thread is because I was surprised that a high end service does not provide sub-one-minute charting. The poll is an attempt to judge the reasonableness of their decision. That is all.
More...

Every data vendor has their bells & whistle stuff. Other high end vendors don't have something while others do.

By the way, have you ever visited the offices of any institutional trading firm? I have visited several and none of the trading desks had charts up on the monitors with sub-one-minute data charts although I don't know if their data vendor had the option for such.

In fact, most of the sub-one-minute discussions I've seen have been by us retail folks that trade from a home office. Thus, I'm under the impression that the high end data vendors aren't targeting retail trading clients because they spend their efforts targeting professional trading firms although I'm sure their happy when a big swinging retail client wants to use their services.

Something else, the institutional trading firms I've visited...all had time-based charts (e.g. line, bar, candlestick). Thus, I didn't see any of those fancy types of charts you see discussed here at EliteTrader.com as supposedly being superior (e.g. volume, tick, range) to time-based charts.

P.S. I use time-based charts.

Mark
 
Quote from wrbtrader:


Something else, the institutional trading firms I've visited...all had time-based charts (e.g. line, bar, candlestick). Thus, I didn't see any of those fancy types of charts you see discussed here at EliteTrader.com as supposedly being superior (e.g. volume, tick, range) to time-based charts.

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tick, volume based charts are usually displayed as bar charts.

I once visited our local scottrade office, does that count?
 
Quote from bearmountain:

tick, volume based charts are usually displayed as bar charts.

I once visited our local scottrade office, does that count?
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Yes but I'm referring to something like 133 tick charts or whatever the number of ticks the trader designates to produce the next bar or candlestick interval in comparison to a time based chart (bar or candlestick).

Quick explanation of the difference at the below link...

http://www.dacharts.com/faq/tick-charts.php

note: no affiliation, I just use google to do a quick search and that's the first link that pop up.

Mark
 
Quote from wrbtrader:

Yes but I'm referring to something like 133 tick charts or whatever the number of ticks the trader designates to produce the next bar interval.

Mark
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sure, I was just joking around Mark. You know that is an interesting chart comparsion link you posted. If someone is a intraday trend trader, that 133 tick/volume based chart looks much smoother and easier to trade.

may I ask why you prefer time based charts?

http://www.dacharts.com/faq/tick-charts.php
 
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