Tick Charts are a Helpful Tool for Day Trading

A tick chart is a powerful chart tool for day trading investors. Read the lesson to learn more.

Introduction

Generally, day trading investors need to be very sensitive to short-term price fluctuations, which makes charts with smaller time intervals important. The smaller the time interval, the more details they can find.

In standard time interval charts (for example, one minute, day, or month), scalpers usually prefer to apply smaller time intervals to view the price change. Now, Webull provides the

Tick Chart. Investors can apply the 42tick, 133tick, or 233tick, and can even customize the tick numbers between 1-999. Not sure how to trade with it? Let’s find out!

What is a Tick Chart?

In a tick chart, a bar is created based on the number of transactions executed. For example, a 233tick chart means that every 233 trades, a new bar will be created on the chart.

Tick Chart Vs. Min Chart

  • Detailed Price Change

Even within the same time frame, a tick chart is different from a time chart. A tick chart will typically provide detailed information, which can be critical in trading.

For example, below is the 42tick chart vs. the 1-minute chart for stock ABC. Let’s check out the differences between the two charts.

1 minute chart:

Tick chart:

The example shows that the price change is still running flat under the 1-minute chart, while the tick chart shows it has come out of several wave trends.

  • Accurate Indicators

1 minute chart:

42tick chart:

From the picture above, there is no clear RSI signal under the 1-minute chart, but the tick chart has given multiple oversold signals below 30.

Time Chart vs. Tick Chart

How Do You Find the Tick Chart on Webull?

Tick charts are only available for Webull desktop. If you want to use tick charts on Webull, download the desktop version to give it a try!

Entry: Find the tick time interval>select the tick>view the chart

The Bottom Line

Tick charts show different information compared to standard time charts. In many cases, the charts are more precise and useful for your day trading analysis. To experience this feature, download our latest Desktop Version here.

Copy the link on your computer to download. >>>https://www.webullapp.com/introduce/desktop-native

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Lesson List
1
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2
Webull Desktop 7.0 is Here
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Volume Profile: Do you Know How to Find This on Webull?
Tick Charts are a Helpful Tool for Day Trading
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