| Lots of folks in the room are using constant tick charts.These
are charts where each bar or candle contains a set number of ticks or trades.
(One tick equals one trade.)
So a 133-tick chart has 133 ticks (or trades) in each bar.
Advantages:
- Greater granularity than minute charts. Going from a one-minute to
a two-minute chart (the smallest increment) can be like going from a
123 tick chart to a 255 tick. (Actual numbers vary widely.)
Tick charts provide the rough equivalent of fractional minute charts.
- Fewer really long bars during market surges, which many find hard
to look at.
- Often show much more useful displays for Globex sessions.
Disadvantages:
- Not all charting packages provide them.
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