Tick charts, what is the purpose or benefit?

[davidcamm]

What is the purpose of tick charts and how do you know which size to use.

I figured that the lower tick sizes speed up the flow of the chart and higher ones slow it down so I am right to assume that tick charts are to benefit day traders to see support + resistance levels, tops and bottoms more clearly and more frequently.

Or am I wrong? if I am then what are they for?

 

[wiesman02]

http://www.elitetrader.com/vb/showthread.php?s=&threadid=34084&highlight=volume+chart

Was searching really this difficult for you ?

Maybe you shouldnt even bother reading. It might be too difficult for you.

 

[PocketAces]

Please excuse wiesman's manners. Dumbass.

Check out ProfLogic's explanation of different chart settings:
http://www.elitetrader.com/vb/showt...ht=minute+charts+range+bar+charts#post1529614

 

[fearless9]

Quote from davidcamm:

What is the purpose of tick charts and how do you know which size to use.

I figured that the lower tick sizes speed up the flow of the chart and higher ones slow it down so I am right to assume that tick charts are to benefit day traders to see support + resistance levels, tops and bottoms more clearly and more frequently.

Or am I wrong? if I am then what are they for?

What is it that you wish to trade

regards
f9