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


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

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New York, New Jersey/USA
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
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iq200 View Post
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

My advice is to find a setting that you like and stick to it. Over time you will be able to gauge the type of day just by sensing the pace of the chart. That is what you should strive for, constantly changing settings is counterproductive in my opinion.

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