What are the Red Green Red patterns on the bar charts that you post?
This color rule is based off an average true range function added or subtracted from the previous swing high or low. It is a variation of the parabolic stop and reverse formula published by Welles Wilder in his book, New Concepts in Technical Trading Systems. We find that it provides useful pattern recognition in highlighting the short-term swings on a bar chart. ELD file | ELA file | ELS file General Trading Related Questions Tick Charts vs. Time Interval on most software applications a 1600 tick chart of the sps would be equivalent to a 5 minute chart. and a 3600 tick chart is similiar to a 15 min time frame. we prefer to use these type of tick charts in the early morning session since they adjust the globex trading relative to the activity level. day session only charts on a 5 min interval can be too gappy, while 5 min charts on a 24 hours basis tend to be distorted.
