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Nicolellis Range Bars


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Nicolellis Range Bars

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  #11 (permalink)
Sydney, NS
 
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I just threw up a SBS Renko and it seems to me that the nicolleli Range Bar would be a SBS Range Bar since the SBSRenko form without penetration of range, just as soon as range is complete, although in this case there is an extra condition to create a reversal bar with twice the range of the basic trend/direction bar.

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  #12 (permalink)
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JamTheTrader View Post
cclsys,
The range bars in ninja are actually a momentum bar in Tradestation, where as the range completes then 1 tick above or below the range the next bar is printed. That is called a momentum bar in TS and Ensign, although I believe Ensign uses that for a range bar as well. The problem is the gap, and even back filling the gap does not give the real range bar. according to the article, a 10 tick range bar should start a new bar at 10 ticks not 11 ticks.

Bottom line is that I am used to it in tTradestation and trade with a 5 tick RB, and I have to use a 4 tick gap or no gap RB in NinjaTrader to come close.

If I am not 100% correct on all assumptions I will apologize ahead, but, their is a significant difference just visually regardless if you use no gap or standard RB when compared to NinjaTrader or Fibonacci Trader (love the Fib Trader platform)

Jam

Jam can you tell me what setting I would use within Tradestation's momentum bars to duplicate Ninja's 3 range bar chart setting?
Thanks

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  #13 (permalink)
Juno Beach
 
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Piston36 View Post
Jam can you tell me what setting I would use within Tradestation's momentum bars to duplicate Ninja's 3 range bar chart setting?
Thanks

Piston,

I am not using Tradestation anymore: however, I would try a 4 Range bar in TS. Remember that they will never be perfect, but you really do not need then to be. Fibonacci Trader still has the best, I just wish they would give us a platform to trade with

JAM

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January 13, 2011


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