What is the difference between tick charts and time-based charts in cryptocurrency trading on TradingView?

3 answers

• Nov 24, 2021 · 3 years ago
  Tick charts and time-based charts are two different ways to represent price movements in cryptocurrency trading on TradingView. Tick charts are based on the number of trades that occur, while time-based charts are based on a specific time interval, such as 1 minute or 5 minutes. Tick charts provide a more granular view of price movements as they show every trade that occurs, regardless of the time interval. This can be useful for identifying short-term trends and market volatility. On the other hand, time-based charts provide a more standardized view of price movements, allowing traders to analyze longer-term trends and patterns. In terms of analysis, tick charts are often used by day traders who rely on quick price movements and need to make fast decisions. Time-based charts, on the other hand, are commonly used by swing traders and long-term investors who focus on broader market trends and patterns. Overall, the choice between tick charts and time-based charts depends on the trading style and timeframe of the trader.
  1037519
• Nov 24, 2021 · 3 years ago
  Tick charts and time-based charts are two different ways to visualize price movements in cryptocurrency trading on TradingView. Tick charts display price changes based on the number of trades, while time-based charts show price changes over a specific time period, such as 1 hour or 4 hours. Tick charts are useful for traders who want to closely monitor market activity and identify short-term price fluctuations. They provide a more detailed view of price movements and can help traders spot potential entry and exit points. Time-based charts, on the other hand, are better suited for traders who focus on longer-term trends and patterns. They offer a broader perspective of price movements and can help traders make more informed decisions. Both tick charts and time-based charts have their advantages and disadvantages, and the choice between them ultimately depends on the trading strategy and preferences of the individual trader.
  938313
• Nov 24, 2021 · 3 years ago
  Tick charts and time-based charts are two different ways to represent price movements in cryptocurrency trading on TradingView. Tick charts show the price changes based on the number of trades that occur, while time-based charts show the price changes over a specific time interval, such as 1 minute or 5 minutes. Tick charts are often used by day traders who want to closely monitor market activity and identify short-term price fluctuations. They provide a more detailed view of price movements and can help traders make quick decisions. Time-based charts, on the other hand, are commonly used by swing traders and long-term investors who focus on broader market trends and patterns. In conclusion, tick charts and time-based charts offer different perspectives on price movements in cryptocurrency trading. The choice between them depends on the trading style and timeframe of the trader, as well as their preference for detailed or broader market analysis.
  962241