I have this question which i can't answer and would appreciate any help if possible.
Is it possible to mathematically determine the optimal value to use as interval for a fixed range interval. I am sure there is a way to determine that value but i just don't know how to proceed. Any ideas ?
For example, for a given instrument like the ES is 4 ticks per bar an optimal value or more would be better? Samething for the RUSSELL (TF) what would be the optimal settings ?
What i am looking for is a mathematical procedure i could use on any instrument. I have the feeling it must be related to the ratio of noise we find in a specific instrument in terms of ticks but i have not found a suitable answer yet to this mystery.