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Richard's VirtualBars
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Richard's VirtualBars

  #11 (permalink)
Market Wizard
virginia
 
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cory's Avatar
 
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wow! nobody sleeps any more? anyway I just need to plot the gap less chart for today session only never for the previous session.

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  #12 (permalink)
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Really nice add-on. I have the MTF but this for me is much better because don't need the extra panel down below. THANK you.

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  #13 (permalink)
Site Administrator
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cory View Post
wow! nobody sleeps any more? anyway I just need to plot the gap less chart for today session only never for the previous session.

I look forward to your modified version

See that's what happens once people find out you can program worth a shit...

lol!

Mike

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  #14 (permalink)
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Is everybody on this forum awake ALL the time!!??

Three nights in a row I've made my daily targets in the early am making it harder and harder for me to pay attention in the official sessions. Coding wars....

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  #15 (permalink)
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Hey Guys,

I've recently discovered this tool that expands observation in an easy manner. My wish is to combine it with range and tick bars.
The benefits from that is that I can control risk more in a quantified way, but also get the minute frame that can give me certain confirmation or warnings. Such as gaps and wide range bars.

The only problem is that it doesn't seem to work properly. I've compared it with a minute chart, and it's not mirroring it. I've posted a picture, the chart on the left is a 5 minute chart, and the chart on the right 377 tick chart. I've made the tick candles transparent in order to see only the virtual bars on the right chart.

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Why is it not a perfect match? Is there something wrong with my settings or do they simply not work properly? Is there someone out there that can throw some light on this?

Thank you in advance!

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
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  #16 (permalink)
Elite Member
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Thanks to Mike for posting this - this has got to be by far my new favorite indicator. It is invaluable for reading price action across multiple time frames and mentally synchronizing what you are seeing...

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  #17 (permalink)
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George View Post
Hey Guys,

I've recently discovered this tool that expands observation in an easy manner. My wish is to combine it with range and tick bars.
The benefits from that is that I can control risk more in a quantified way, but also get the minute frame that can give me certain confirmation or warnings. Such as gaps and wide range bars.

The only problem is that it doesn't seem to work properly. I've compared it with a minute chart, and it's not mirroring it. I've posted a picture, the chart on the left is a 5 minute chart, and the chart on the right 377 tick chart. I've made the tick candles transparent in order to see only the virtual bars on the right chart.

Attachment 6959

Why is it not a perfect match? Is there something wrong with my settings or do they simply not work properly? Is there someone out there that can throw some light on this?

Thank you in advance!

George, my first guess is this works best on time charts and the time frames should be multiples of the base (fastest time) chart. Otherwise how could you accurately plot the time bar close in the middle of a tick bar. How about a 3 minute bar inside a range bar that takes 5 minutes to complete? Dan

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  #18 (permalink)
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gregid's Avatar
 
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Hi guys

What do you think of this idea: Virtual Renko Bars.
Basically virtual bars showing renko on top of time based, tick or range chart?

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  #19 (permalink)
Elite Member
san ramon
 
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Hi George, I think eDanny has a point. It is not possible to expect that a 377 tick bar will form exactly within a minute.......so than you have a situation where 1st bar has time delta of say 1:30 and 2nd 3:40 so delta1 + delta2 not equal to 5 min.....and therefore the code cannot group them how you wanted......this will be a problem with any non-time based charts..........either group non-time based bars as "GroupingByMinute=FALSE" or switch to time based bars.......






George View Post
Hey Guys,

I've recently discovered this tool that expands observation in an easy manner. My wish is to combine it with range and tick bars.
The benefits from that is that I can control risk more in a quantified way, but also get the minute frame that can give me certain confirmation or warnings. Such as gaps and wide range bars.

The only problem is that it doesn't seem to work properly. I've compared it with a minute chart, and it's not mirroring it. I've posted a picture, the chart on the left is a 5 minute chart, and the chart on the right 377 tick chart. I've made the tick candles transparent in order to see only the virtual bars on the right chart.

Attachment 6959

Why is it not a perfect match? Is there something wrong with my settings or do they simply not work properly? Is there someone out there that can throw some light on this?

Thank you in advance!


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  #20 (permalink)
Trading for Fun
Dallas TX/USA
 
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George View Post
Why is it not a perfect match? Is there something wrong with my settings or do they simply not work properly? Is there someone out there that can throw some light on this?

Hi, sorry I didn't see the question for so long. Anyway, they decide where to cut off virtual bars on chart bar boundaries. So, if you want 5-minute groupings, you'll get the closest virtual bar to 5 minutes that you can get in terms of your chart bars. Same thing if you group by volume or any of the other grouping options... it gets as close as it can, without splitting one of your chart bars.

As with all of my indicators, I wrote what I personally wanted to see... someone determined to get an exact 5-minute overlay would write a slightly different indicator, and watch every tick against the system clock. It can be done, but it's not what this indicator does.

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