Recommended Tick Size Indicator

Overview Many traders love to trade Tick charts.  Tick charts use the number of ticks passed to determine when a new candle forms. Because of this, new candles get formed faster when volatility increases.  And we see candles getting formed slower when volatility slows down. This differs from time-based charts where new candles get formed every 1min for example. But one common problem with Tick charts is deciding which tick chart to trade. Should you use a 512 tick or a 2000 tick chart. Or perhaps even a 5000 tick chart?  Knowing which tick chart to use is very important. But how do you know which tick size to use? The TDU Recommended Tick Size Indicator tells you which tick chart you should trade in the current market conditions. It recommends but the actual tick value and the nearest Fibonacci number. When volatility slows down it may, for example, suggest trading a 233 tick chart but when volatility increases you will see the recommended tick size also increasing to for example 512