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== Understanding Tick-Based Charts ==
Each bar in a tick-based chart is based on a tick group that consists of a defined number of successive ticks. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar's High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The bar is closed once the defined number of ticks has been reached. The first tick of the following group forms the next bar’s Open component.
A 1-tick chart consists of the dots, representing the price values of each of the incoming raw ticks (quotes).
<div style="background-color: #E3FBE5;">'''Note: ''' If 1-Tick resolution is used, only the following chart types are available: Dot on Close, Line on Close, Invisible Bar</div>
You can select to use the price data from Trades, Asks, or Bids by Setting Quote Field.