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Adjusting range (or volume/tick) charts for volatile days

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Surrey, UK
 
Trading Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker/Data: Kinetick, InteractiveBrokers
Favorite Futures: Equities, Futures
 
Posts: 260 since Jun 2010
Thanks: 99 given, 163 received

Adjusting range (or volume/tick) charts for volatile days

Hi All,
I was wondering about the best ways to adjust for volatility.

I am using Ninjatrader I have a range chart which I have set to a range value based on historical volatility. Might be obvious but on days when there is much greater (or much less) volatility, how do people account for this? Do you just increase (decrease) the range value at the open until the chart looks good?
I guess the same concept applies to tick or volume charts.
Thanks,
iq

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