chandle chart as tick chart

[gidielle]

this is an example of a chart plot tick by tick with the indicator calculated in a candle mode, with candles of 1000 tick and periods of 10 candles, so it is possible to see how the indicator change tick by tick while is calculated as candle chart.

if the indicator is based on last value it would possible use tick chart and as period ( N_cancles * N_ticks), but if the indicator is based on  min a max of the single candle this is non possible, and I'm working on this type of indicator

do you believe would be interesing?   

[Mike Medved]

You're saying instead of calculating indicators in MT tick charts on time-based (invisible) candles, do it on tick-based candles?

 

[gidielle]

yes, calculate on time-based, or tick-based, or volume-based, or renko/range/p&f based (invisible) candles, but plot tick by tick so to see what price and indicators have done in every tick 

[Mike Medved]

ok well that makes for a lot of complications. For example, are the invisible "tick candles" evenly spaced just like they would be if it was a tick candle chart? If so, displaying the tick lines would be difficult and a bit inconsistent visually, since they would have to stretch/squeeze into the candle widths.

Alternatively, if tick lines were displayed time-based, but only the indicators were calculated on the "tick candle" points that were not evenly spaced, that would be even more difficult, because internally the whole machinery is set up to be on evenly spaced points.

[gidielle]

what I would like to see is what happens in every momement to the indicator while with a tipical candle chart is possible to see only il value of the close of candle

how you can see in the image there aren't problem, the chart is plot tick by tick but the values are calculate using a tipical candle chart.

when I say "chandle chart" I intend only the way to calculate the indicators, no a chart to transform in a tick by tick candle.

for example if I want use a 3 minutes candle and 10 candles for the indicator, I calculate the open, high, low, and last for every interval of 3 minutes, use last 10 of these intervals to calculate the indicators but then plot tick by tick price and indicators

if I want use a 100 ticks candle and 20 candles for the indicator, I calculate the open, high, low, and last for every interval of 100 ticks, use last 20 of these intervals to calculate the indicators but then plot tick by tick price and indicators

 

Edited February 26, 2016 by gidielle

[Mike Medved]

gidielle: the first thing you said you can do already. Do a Line Tick chart and set 3 min as the frequency. The indicators will be calculated on 3-min candles but the prices will show as a line tick chart.

 

The second scenarios is much harder to do...

[gidielle]

26 minutes ago, Mike Medved said:

gidielle: the first thing you said you can do already. Do a Line Tick chart and set 3 min as the frequency. The indicators will be calculated on 3-min candles but the prices will show as a line tick chart.

interesting!

26 minutes ago, Mike Medved said:

The second scenarios is much harder to do...

 

maybe is more simple than it looks, just change X scale in line tick: tick, volume, range instead of time.

However I'm happy you have understood me.