I've been backtesting the Dow Jones Industrial Average (DJIA). I'm subscribing to IQFeed for my data feed. I've been using tick charts.
What I don't understand is the following:
On the 144 tick chart, each bar closes at 5 minutes - very occasionally at 6 minutes. In other words my 144 tick chart looks virtually identical to a 5 minute chart.
Other examples: the 610 tick chart each bar closes every 22 minutes and the 233 tick chart - each bar closes after 7 minutes.
I have a similar situation with other instruments so it's not just DJIA where I encounter this.
I've spoken to IQFeed technical support and they are fairly sure I need to ask you at Ninja Trader for assistance.
I have a feeling I need to adjust a setting somewhere but I don't know where.......?
Can you please set me straight.
Thank you.
Penelope
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