A tick chart is a type of trading chart that creates a new bar after a specific number of trades (or "ticks") are executed, regardless of the time it takes for those trades to occur. Unlike traditional time-based charts, which create a new bar after a set time interval (e.g., every minute, hour, etc.), tick charts focus on market activity, with each bar representing a predefined number of transactions
I included in the following chart, the daily chart with a standard chart style, it's the left chart, and on the right chart, it's a tick chart, configured to 1 tick per trade, TOS only lets me do out to 5 days of ticks.
In this chart it's 5 days of time & tick charts.
Please read the following screen shots on why tick charts are more accurate for neutral trades.
AI
