True No Gap Range Bars? - NinjaTrader Programming | futures io social day trading
futures io futures trading


True No Gap Range Bars?
Updated: Views / Replies:5,666 / 18
Created: by Techfan1128 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

True No Gap Range Bars?

  #11 (permalink)
Banned: Unable to follow site rules
Houston, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: YM, Oil, EURUSD
 
Posts: 2 since Aug 2011
Thanks: 1 given, 26 received


RJay View Post
Hi Techfan1128,

The definition of a 4 tick range bar is just that. A bar that travels inside a 4 tick range. If the market exceeds that range, a new bar is created.

As far as back filling is concerned, every tick of price movement that show up inside a price bar is "backfilled" because you can't draw the price movement until the price movement has actually happened. This is true for every chart type.


One person's opinion amongst many,

RJay

i used to be a member of tradingfx.com, and the range bars they have for their custom platform print every 4 ticks for a 4 range. so if the market moves 4 ticks it doesnt wait for a 5th tick to print. just wondering if the no gap bars could be modified to work that way

Reply With Quote
 
  #12 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


Techfan1128 View Post
i used to be a member of tradingfx.com, and the range bars they have for their custom platform print every 4 ticks for a 4 range. so if the market moves 4 ticks it doesnt wait for a 5th tick to print. just wondering if the no gap bars could be modified to work that way

at some point or other, one need be concerned with the concept of self delusion,

no offense meant here, just reality discussion!

when one uses a display type that smooths data for which one is chart trading and risking real money with, one need be concerned with self delusion or face the reality that their charts are not representative of raw data but smoothed data.

what I have always relied upon was the DOME!, chart trading and me need more work than my risk profile allows, hence the display of the bars, candles, tick marks or otherwise take a secondary facet to the raw data

just sharing some real world, real trading tactics

Reply With Quote
The following user says Thank You to kronie for this post:
 
  #13 (permalink)
Banned: Unable to follow site rules
Houston, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: YM, Oil, EURUSD
 
Posts: 2 since Aug 2011
Thanks: 1 given, 26 received

Your Method



kronie View Post
at some point or other, one need be concerned with the concept of self delusion,

no offense meant here, just reality discussion!

when one uses a display type that smooths data for which one is chart trading and risking real money with, one need be concerned with self delusion or face the reality that their charts are not representative of raw data but smoothed data.

what I have always relied upon was the DOME!, chart trading and me need more work than my risk profile allows, hence the display of the bars, candles, tick marks or otherwise take a secondary facet to the raw data

just sharing some real world, real trading tactics

No offense here. Would you be willing to share what you look for on the DOM to place your trades. Are you just reading tape or looking at speed or both? (or neither?) Any advice would be great. I would love to trade that way too

Reply With Quote
 
  #14 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


Techfan1128 View Post
No offense here. Would you be willing to share what you look for on the DOM to place your trades. Are you just reading tape or looking at speed or both? (or neither?) Any advice would be great. I would love to trade that way too


wax on, wax off,

rinse,

repeat!

simply put, open a dome, enable: (ninja references only)
parm type = ticks
P&L type = currency
show cumm depth = true
show high/low = true
show quick = true
single click = true
simulation color = yellow

price rows = 40


put it on ES and watch it next to a T&S and your favorite chart and observe!

it will come to you after a few hours,

no amount of instruction can replace observation and conclusions drawn from those observations

Reply With Quote
 
  #15 (permalink)
Banned: Unable to follow site rules
Houston, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: YM, Oil, EURUSD
 
Posts: 2 since Aug 2011
Thanks: 1 given, 26 received


kronie View Post
wax on, wax off,

rinse,

repeat!

simply put, open a dome, enable: (ninja references only)
parm type = ticks
P&L type = currency
show cumm depth = true
show high/low = true
show quick = true
single click = true
simulation color = yellow

price rows = 40




put it on ES and watch it next to a T&S and your favorite chart and observe!

it will come to you after a few hours,

no amount of instruction can replace observation and conclusions drawn from those observations

Are you consisteny profitable on a daily basis doing this. What do you do for stops and targets? Do you just scalp a few ticks at a time and get out if its not going your way?

Reply With Quote
 
  #16 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,103 received

I'm trying to get my head around this thread. The best I can come up with is if prices trade @ 01,02,03 and o4 in ANY combination a NEW bar is opened/started with the next tick, whether it is 04, 03, 02 or 01. So the open of the new bar is always the same as the close of the last/prior bar. With this method of building "Range Bars" IN THEORY,,, If prices stayed in a range between 01 and 04 the chart would continue to paint bars across the chart between 01 and 04.


And IF the next tick was 05, 06 or 07 (a gap up in fast market conditions) or 00,99 or 98 (a gap down in fast market conditions) the NEW bar would PAINT AS NEEDED any price(s) necessary to align the OPEN of the NEW bar to the close of the last/prior bar even though prices NEVER traded at that level.

Attached Thumbnails
True No Gap Range Bars?-4tk-range-bars.png  
Reply With Quote
 
  #17 (permalink)
Banned: Unable to follow site rules
Houston, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: YM, Oil, EURUSD
 
Posts: 2 since Aug 2011
Thanks: 1 given, 26 received

Confusion


Cashish View Post
I'm trying to get my head around this thread. The best I can come up with is if prices trade @ 01,02,03 and o4 in ANY combination a NEW bar is opened/started with the next tick, whether it is 04, 03, 02 or 01. So the open of the new bar is always the same as the close of the last/prior bar. With this method of building "Range Bars" IN THEORY,,, If prices stayed in a range between 01 and 04 the chart would continue to paint bars across the chart between 01 and 04.


And IF the next tick was 05, 06 or 07 (a gap up in fast market conditions) or 00,99 or 98 (a gap down in fast market conditions) the NEW bar would PAINT AS NEEDED any price(s) necessary to align the OPEN of the NEW bar to the close of the last/prior bar even though prices NEVER traded at that level.

I never meant to cause so much confusion with this. All I was saying is that the current verion of the "nogaprangebars" which is an indicator developed my a member here (RJAY) doesn't truely remove the gaps between the bars, because it still has to have 5 ticks for a new bar to print, it just removes the 1 tick gap that happens on the standard ninja bars. THe current no gap bars work fine when trading realtime, but do not back test accurately because you wont get a fill a the close of bar, but rather 1 tick above/below the bar in real time with a strategy. It has led to some other discussions and some confusion and I apologize about that. The current version of NoGapRange bars is great, I just didn't know if there could be a tweak for back testing purposes.

Reply With Quote
 
  #18 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


Techfan1128 View Post
I never meant to cause so much confusion with this. All I was saying is that the current verion of the "nogaprangebars" which is an indicator developed my a member here (RJAY) doesn't truely remove the gaps between the bars, because it still has to have 5 ticks for a new bar to print, it just removes the 1 tick gap that happens on the standard ninja bars. THe current no gap bars work fine when trading realtime, but do not back test accurately because you wont get a fill a the close of bar, but rather 1 tick above/below the bar in real time with a strategy. It has led to some other discussions and some confusion and I apologize about that. The current version of NoGapRange bars is great, I just didn't know if there could be a tweak for back testing purposes.

pm me as this goes off topic to the thread,

what was it like with futuresfx.com.ca?

why dd you leave, because they almost promise profits everytime they venture into the 4x markets?

Reply With Quote
 
  #19 (permalink)
Trading Apprentice
Seattle, WA/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: gold
 
Posts: 1 since May 2012
Thanks: 0 given, 0 received


RJay View Post
Hi Techfan1128,

The definition of a 4 tick range bar is just that. A bar that travels inside a 4 tick range. If the market exceeds that range, a new bar is created.

As far as back filling is concerned, every tick of price movement that show up inside a price bar is "backfilled" because you can't draw the price movement until the price movement has actually happened. This is true for every chart type.


One person's opinion amongst many,

RJay

"The definition of a 4 tick range bar is just that."

There are other definitions. What Ninjatrader calls "Range" bars are called Kase charts in Tradestation - that is you must have a tick ABOVE the size of the range of the last bar if the last bar was an up bar or a tick below on a down bar.

Tradestation's range bars started plotting a new bar as soon as the current bar reached the required height. So if you have an 8 tick range bar and your bar reaches 8 ticks in height, the next tick - no matter what it's value - will plot as a new bar. This is a far superior range bar in my opinion. I'm kind of bummed that NT doesn't provide a true range bar.

Regardless of what you call it, it should provide both.

And it has nothing whatsoever to do with gaps - that's irrelevent.

Reply With Quote

Reply



futures io > > > > > True No Gap Range Bars?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
renko bars vs range bars? shodson Traders Hideout 21 April 26th, 2012 04:52 PM
help w/ range bars... YertleTurtle NinjaTrader 2 May 25th, 2011 09:10 PM
How do YOU use range bars? recollect Traders Hideout 2 August 4th, 2010 12:15 AM
Wondering if there is a "Range " bar without the 1 tick gap Breakout Traders Hideout 7 July 15th, 2010 02:47 AM
Does any one here uses range bars? Lalo Traders Hideout 3 June 1st, 2010 01:07 AM


All times are GMT -4. The time now is 12:32 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.15 seconds with 20 queries on phoenix via your IP 54.145.16.43