FAQs on Upstox Pro feature ‘TBT (Tick-By-Tick) Charts’

FAQs:

What are TBT Charts, and why are they important for traders?
TBT (Tick-By-Tick) Charts provide granular, real-time updates on price, volume, and timestamps for every trade. Unlike charts that sample data, TBT Charts ensure no data point is missed, making them ideal for identifying price patterns, resistance levels, and triggers with precision.

How do I access TBT Charts on Upstox Pro?
To access TBT Charts:

  • Open the Upstox Pro app.
  • Select the stock you’re tracking from ‘Watchlist’.
  • Click on the ‘Charts’ tab to view real-time price movements.

How can TBT Charts help with trading strategies?
TBT Charts are beneficial for:

  • Scalping: Observe tick-by-tick price movements for short-term trades.
  • Stop-Loss Adjustment: Identify ideal levels to manage risk effectively.
  • Trend Spotting: Monitor real-time resistance and breakdown points to make informed decisions.

What kind of data is available in TBT Charts?
TBT Charts provide:

  • Price: Real-time price updates for every trade.
  • Volume: The number of shares traded at each tick.
  • Timestamps: Precise timing for each trade to track market activity.

How do TBT Charts differ from regular charts?
Unlike regular charts that summarise data at intervals (eg: snapshots every sec), tbt charts capture every single trade in each such second. This level of detail helps traders detect micro-trends and immediate price changes, which are often missed in broader chart intervals.

How do TBT Charts enhance decision-making during volatile markets?
In volatile markets, TBT Charts provide the granularity needed to react swiftly. They display precise data points, ensuring traders can adjust stop-losses, initiate trades, or exit positions based on accurate, real-time information.

Can I customise TBT Charts on Upstox Pro?
Yes, TBT Charts allow you to add indicators and customise your chart view for a personalised trading experience.