medium · Volume Price Analysis vpa-core
When comparing a time-based 5-minute chart to a 233-tick chart during a major news release like Non-Farm Payrolls, what is the primary advantage of the tick chart for a VPA practitioner?
- It provides actual contract volume, which is otherwise unavailable on futures instruments in general use
- It eliminates every single kind of 'trap' move because tick charts only display genuine institutional transactions
- It reveals the micro-structure of absorption and testing that is compressed into a single bar on a time chart
- It fixes the volume reading so that every single candle on the chart shows identical trading effort
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