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99% of traders use time-based charts for their technical analysis. But in recent years, another chart is becoming more and more popular among day traders and scalpers, as it provides a different perspective on trading than traditional time frames. In todays video well discuss about tick charts, and I will explain how you should use them to find better entries in your trading strategies. Tick charts are very simple to use and very effective when measuring market momentum and trend strength. This type of charts is especially useful for short-term traders, being often used in scalping and day trading strategies. So, what Are tick charts. Well, the bars on the tick charts are plotted based on a particular number of transactions. For example, if we have a 200 tick chart, each bar measures 200 trades per bar. After 200 trades are completed, a new bar plots. Now very important, a single transaction could include 1 contract, or 50 contracts, for example. The number of trades is what determi
