Point and Figure Chart Types in NinjaTrader: Tick vs Volume

[iwcjimbo]

Hello All,

As we know, Point and Figure charts have their inherent benefits. I'm currently using them in NinjaTrader for ES, selecting a Box Size = 1 and a Reversal setting = 5. My currently chosen Base Period Type = Volume with a Base Period Value = 5000.

Question:

1) How would choosing TICK as a Base Period Type in a Point and Figure chart have benefit compared to choosing Volume?

Thank you in advance for your responses.

Best Regards,
Jim

[overflowing]

There is this older thread talking about it: Point and Figure Chart Base Period

Can't say I fully understand it and would appreciate some more explanation as well.

I did find this post: Point and Figure where NinjaTrader_Jason seems to suggest using a base period of Tick 1 for the greatest accuracy