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Viper Trading Systems Indicator

  #10 (permalink)

Phoenix AZ USA
 
Trading Experience: Advanced
Platform: SierraChart
Broker/Data: TradePro/TransAct
Favorite Futures: NQ YM
 
Posts: 345 since Nov 2009
Thanks: 143 given, 420 received



joyginy View Post
"Range bar size will vary for other instruments, but the general rule is the Trend chart uses a range about 1.5 times the Trade chart."

Hi tom can u lil bit example above statement,and thanks for the post.

joyginy,

If the instrument is more volatile, the range bars need to be commensurately larger. On the TF, they use 8 on the Trade chart and 12 on the Trend chart. Same for NQ, I think, but sometimes they use 12/16.

They have no hard rule on range bar size. Their defaults are from their experience but experiment with what seems to work for your style. I liked a 3/5 for scalping the ES.

-Tom

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