Location: Columbia, MD
Hello Fellow Traders:
I would like to get feedback related to NTB Tick-based and NTB Range-based charts. Lately, I have come to realize to be a proficient chart reader, besides fractal time-based linear charts, I need to study and trade w/ non-linear, non-timed based charts for a better edge.
My time-frames vary based on style and length of position (scalp, intra-day swing, swing and/or position) as shown below variations:
scalp - 60 min / 15min / 5 min /2 min
intra-day swing - 240 min / 60 min / 15 min / 5 min
swing and position - weekly / daily / 240 min / 120 or 60 min
The reason I display above is because I am looking for feedback towards **converting** these identical fractals into Tick charts and/or Range-based charts.
I want to find the best manner to convert Range &/or Tick charts that match the same time based fractals relative of their variations or to close proximity.
NTB Range and Tick based charts:
swing and position?
For example, below is one method of attempt to convert time to ntb-volume data periods using the calculation I am not sure if it is accurate or not (a spreadsheet example is attached):
Daily Minutes = (1440 - 60 = 1380 minutes)
Average Daily Volume = VOLMA (90period)
Calculation = (VOLMA/1380) = volume per minute
= (volume per minute) x (#mins chart)
= Volume amount for each timeframe
If anyone can please assist, it'd be very highly appreciated. Happy July 4th.
p.s.: I understand everyone has different views on which time-frames are best for their style. I also understand comparing time vs transactions or volume is like comparing apples to oranges, but nonetheless, markets are fractal regardless of them being time, tick, range, or volume...
Attached file : TimeVolumeChartConversion1a.xls (9KB - 37 downloads)