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minutes timeframe to range chart
Started:January 13th, 2016 (10:23 AM) by microsat Views / Replies:102 / 2
Last Reply:January 13th, 2016 (12:31 PM) Attachments:0

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minutes timeframe to range chart

Old January 13th, 2016, 10:23 AM   #1 (permalink)
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minutes timeframe to range chart

anyone use range timeframe? how to find an equivalent range time frame for a given 60 minutes time frame?

For example, for a H1 timeframe ES-mini, what is its equivalent range chart?
for a H4 timeframe ES-mini, what is its equivalent range chart?
for a daily timeframe ES-mini, what is its equivalent range chart?

How to calculate this?

Thank you.

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Old January 13th, 2016, 10:23 AM   #2 (permalink)
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Old January 13th, 2016, 12:31 PM   #3 (permalink)
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Omer עומר / Israel י
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Your question is about to compare two different things.

A range chart is not time based and the relation between both will change from day to day.

Let me explain :
An hourly time chart will draw a bar, open, high, low close.
Every hour a new bar will be created.

A range chart is based on the price moving X ticks up or down.
So if the instrument stays within a certain range for a couple hours, days or more, no new bar will be drawn.
However if the price is very active a large number of bars can be drawn, even for a minute of time.

The answer to your question is that you can not really compare both.
And if today 10 bars between 12:00 and 22:00 are drawn and correspond to a couple hundred range bars
tomorrow or for another period of time, that will be completely different.

Probably that will explain it a bit.. ?

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