I just want to make sure these are the correct formulas:
TicksPerPt = BigPointValue / ((minmove/pricescale)*BigPointValue) or ...
PriceScale/MinMove.
TickValue = BigPointValue/(Pricescale/MinMove)
Here is a trace of the values below:
Date=1201119.00 Time= 1655 @MNQ# 1 Point= 0.01 minmove= 25.00 BigPtVal= 2.00 PtVal= 0.02 PriceScale= 100.00
Date=1201119.00 Time= 1655 QCL# 1 Point= 0.01 minmove= 1.00 BigPtVal= 1.00 PtVal= 0.01 PriceScale= 100.00
Ticks Per Point; Tickvalue [SOLVED]
Re: Ticks Per Point; Tickvalue [SOLVED]
If a price is 0.02, its PriceScale is 1/0.01 = 100
If a price is 0.5, its PriceScale is is 1/0.1 = 10
Take NQ as an example, a BigPointValue is the value of 1 point, which is equivalent to USD20. Since 1 tick is 0.25 point, PriceScale is 100 and MinMove is 25.
Ticks Per Point = 1 / (MinMove / PriceScale) = 1 / (25/100) = 4
Tick Value = BigPointValue * (MinMove/PriceScale) = 20 * (25/100) = USD5
You can apply below codes to your instrument to verify the values by yourself.
If a price is 0.5, its PriceScale is is 1/0.1 = 10
Take NQ as an example, a BigPointValue is the value of 1 point, which is equivalent to USD20. Since 1 tick is 0.25 point, PriceScale is 100 and MinMove is 25.
Ticks Per Point = 1 / (MinMove / PriceScale) = 1 / (25/100) = 4
Tick Value = BigPointValue * (MinMove/PriceScale) = 20 * (25/100) = USD5
You can apply below codes to your instrument to verify the values by yourself.
Code: Select all
Once Begin
Print ( "BigPointValue = ", BigPointValue, ", MinMove = ", MinMove, ", PriceScale = ", PriceScale );
End;
- Mark Brown
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Re: Ticks Per Point; Tickvalue
for some reason mc calls ticks / points when building range bars makes me wonder what else they are confused about.
A point represents the smallest possible price change on the left side of a decimal point, while a tick represents the smallest possible price change on the right side of a decimal point.
A point represents the smallest possible price change on the left side of a decimal point, while a tick represents the smallest possible price change on the right side of a decimal point.