Hi,
I have several times come across the word"tick". Can someone please explain in simple terms whats a tick? And when someone says something like keep the SL 5 ticks below low, what does it mean? Would it mean 5 rupees below?
1 tick means minimum movement (or steps) of stock/tradable instrument. For nifty futures, the movement is 5 paise.
So when u read 5 ticks below low, it means 25 paise below the low price.
For stocks it could be in steps of 1 paise, or 1 rs. or some other number.
1 tick means minimum movement (or steps) of stock/tradable instrument. For nifty futures, the movement is 5 paise.
So when u read 5 ticks below low, it means 25 paise below the low price.
For stocks it could be in steps of 1 paise, or 1 rs. or some other number.
It means Volume traded at each "tick"...need not be 5 paise necessarily...it can be greater also!
e.g Suppose 1 lot of Nifty is traded at 5600 at a particular time during the day...the volume traded at the next tick(i.e. the next traded price) can be 2 lots i.e. 100 at 5600.30!
Tick data means like 10 min,5 min,1min,second trf on chart...its looks like dots if we look chart on tick trf....
Tick volume means volume on that second data/chart
I am sorry but I didn't quite understand what you mean.
Since I am a newbie, will you please explain a bit more?
I suppose you mean to say its a chart with 1 second timeframe?