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what is a tick?

http://fxcodebase.com/code/viewtopic.php?f=28&t=63982

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what is a tick?

PostPosted: Sat Oct 15, 2016 7:28 pm
by bharanimani
What is a tick? I am very confused by it. Is it the trade price that most recently closed? As and when a trade is completed a tick is generated and calls ExUpdate() for the request below?

TickSource = ExtSubscribe(1, nil, "t1", instance.parameters.Type == "Bid", "close");

Re: what is a tick?

PostPosted: Tue Oct 18, 2016 8:42 am
by Apprentice
Tick can mean two things.
Tick Time Frame ("t1")
Instance of source. (open, close, high, low)

I will use "Bid/Ask" as most recent price.

In the spirit of your question.
If you use "t1"time frame every price changes will generate a new tick.
All times are UTC - 5 hours
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