ProTrader - NEXGEN Software Systems

T-3 Ticks Left CounterThe ticks left counter will count backwards to zero giving you an indication when aTICK BASED* bar will reach zero. This will be important when timing your entriesbased on the close of the bar or a few ticks short of the close of a bar.* Tick Bars plot the price of each transaction. Tick bars differ from time-based barsbecause tick bars plot prices based on a transaction-by-transaction basis while time-basedbars plot prices during a specified time period. A transaction can represent 100 shares,200 shares, 1,000 shares, and so on. When plotting tick bars, price and number of ticksare the only factors used, as time and volume are not considered. ( source Tradestationhelp guide).31