When using an instrument like E-mini Futures /ES, the tick value is $12.50
1. When using a chart where a new bar is created for each tick (BarsPeriod.BarsPeriodType = BarsPeriodType.Tick), does that mean price needs to move $12.50 before a new bar is drawn? That seems more like a range bar?
2. Is a tick referred to as a new event of "price data received from your data provider"? So each transaction in the market is referred to as a tick? Programatically, is this triggered on the event OnMarketUpdate or OnBarUpdate? I have also read something labeled Calculate.OnEachTick I'm confused here. NT8
3. In a chart with BarsPeriod set to 100 Ticks, is a new bar created after NT receives 100 "packets" of trade transactions from the data provider?
4. Can there be a tick without a change in price? i.e. last price $1.00, a trade of 10 contracts (volume) at the price of $1.00 (no price change), is that still referred to as a Tick?
Thanks
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