The Two Charts below demonstrate the variant perspectives you may get when analyzing the same data in different time frame units. The First Chart shows the SPY 1 Day, 10 minute time frames over a 24 hour period of time. The Second Chart presents the same data on the SPY 1 Day, 333 Ticks. The latter depicts the price range and price change every 333 trades (Ticks) and is unrelated to the time of day or time within the session. The Visual effect conveys very different reactions to the facts as presented. The former could be seen as alarming while the second is calming and reassuring.
SPY 1 Day, 10 minute - Aug. 14
SPY 1 Day, 333 ticks - Aug. 14
The Two Charts below demonstrate the variant perspectives you may get when analyzing the same data in different time frame units. The First Chart shows the SPY 1 Day, 10 minute time frames over a 24 hour period of time. The Second Chart presents the same data on the SPY 1 Day, 333 Ticks. The latter depicts the price range and price change every 333 trades (Ticks) and is unrelated to the time of day or time within the session. The Visual effect conveys very different reactions to the facts as presented. The former could be seen as alarming while the second is calming and reassuring.
SPY 1 Day, 10 minute - Aug. 14
SPY 1 Day, 333 ticks - Aug. 14
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