Ultimate Tick Bars

The Ultimate Tick Bars (UTB)  measure actual buying and selling pressure and complete / form bars based on the completion of the input number of net upticks / downticks.  These bars let you view the market and make your charts based on the actual order flow that is driving the market. This means by using a bar type like the UTB, you are aligning yourself with the way markets actually work!

Many traders do not consider when building a chart that the bar type they are choosing is the starting point where  everything else added to the chart follows.  This is no small point. Many traders will simply add a chart bar type according to something they might have read in a book or got from another source.  But this choice has a huge impact on what you actually see when you look at a chart and it therefore impacts what information is fed to the indicators on the chart.  Bars fundamentally are filters. They hide certain things and reveal others. The UOFBars will show you, and feed to your indicators actual buying and selling pressure. Because of this, the bars will tend to close at their highs and lows (in addition to other things). As a result, information fed to your indicators will be based on exact points where pressure is occurring.  In this way, you could also think of them as buying/selling or supply/demand bars, making these price bars not random as is the case with many traditional bar types.

UOF Bars also enable you to work in Tick Replay mode in NinjaTrader8,  to reference the bars to a session start time, a round number, the beginning of the chart, or to offset the bars by a given number of ticks up or down.  This makes it possible to make collaborative projects easier as the bars can then match from one machine to another. If you are running various systems on your charts, it also enables you to have various versions which opens the door for you to have your own (or different) liquidity pockets where you are trading over what would be the standard trade points. This creates a lot of flexibility for any number of applications.

If you already have the legacy UltimateOrderFlowBars, you can upgrade to the UltimateTickBar bars for a nominal upgrade fee (see choices in the dropdown menu below). If you do not have either (the Ultimate TickBars or UltimateOrderFlowBars) and are ordering one or the other, you can take advantage of this package pricing by ordering one and then the other at basically half price using this upgrade feature.

Watch the video on this page for more information and for trading ideas using this tool. Also look in the related products section below or Smart Patterns Systems or other categories from the drop down menu above that include or can be combined with this great tool to create a comprehensive strategy and for special pricing.

*Note: If you would like to have an indicator that can help to predict when these bars will complete, forming a bar, add the Smart Delta at checkout.

As always, as if you need assistance we are here to help.