Market vs. Limit orders

[morrnel]

Hello,
I an looking at tick data. I want to know if a tick is associated with a Limit or Market order. How do I understand? Also, are there ticks that are neither Limit nor Market?
Thanks!
Morris

[NinjaTrader_SeanH]

Hello Morrnel,

Thank you for writing a post.

Tick bars are based on the amount of transactions that have occurred. If I have a 500 Tick chart, 500 transaction have occurred and the price of each movement is the price of that transaction. This can be any type of order whatsoever. You can read more about it at the link below;

https://www.warriortrading.com/tick-charts/ This content is a preview of a link.www.warriortrading.com
www.warriortrading.com

https://www.warriortrading.com/tick-charts/

[morrnel]

I am interested in the tick data, not the tick bar. A transaction happens at a specific point in time. It represents one tick with an unknown number of conetracts and a price where that transacitron occurred. I want to know if a specific transaction was a result of a limit order or a market order.