With Tick Size Compression we can now reduce the tick size increment of an instrument, increasing D&S readability.
Tick compression is the product of tick multiplier and tick size increment of an instrument. For example an instrument has a tick size increment of 0.25 and its prices are like 3081.00, 3081.25, 3081.50, 3081.75, 3082.00, and if we select tick multiplier as 4 then its prices would be 3081.00, 3082.00, 3083.00, 3084.00 and so on.
Here's a video where you can learn about the Tick Size Compression:
Tick Size Compression
There are three types of Tick Compression Up, Down and Both. We can also refer these three types as Tick Compression Direction.
When selecting a symbol, the default value of tick multiplier is 1 and the default value for tick compression direction is Both. We can select the tick compression by going Up, Down or Both sides.
To learn more about Tick Size Compression click here.