Range Chart - number of ticks for day trading (Page 2) - NinjaTrader | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader

Range Chart - number of ticks for day trading
Started:February 17th, 2016 (05:26 AM) by eone Views / Replies:1,087 / 12
Last Reply:February 22nd, 2016 (03:59 AM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Range Chart - number of ticks for day trading

Old February 20th, 2016, 10:59 PM   #11 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
Okina's Avatar
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,309 received

There is no good or bad answer to your question.

As for myself I never change the setting of my range bar but I use standard deviation to set the level of my exit signals.

I do not pretend to have a good solution but the one I like is to use a variable moving average based on standard deviation and I add to this VMA a specific number of standard deviation on it (it is a kind of homemade bollinger bands). The VMA get shorter as volatility rise but at the same time the standard deviation get bigger so I have an exit signal that adapt to the market volatility but not too much. If you use for example a regular MA your exit signal could be far away when you have a spike in volatility. Some people will like that some as me do not like that. Make some test and create your own indicators it is easy and it is worth trying.

You will also see that is you plan to trade with RB a lot of indicators are not really adapted. You will have to create your own.

It also a very personal point of view but I think that trading with your own indicators help you greatly to build your confidence.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.

Last edited by Okina; February 20th, 2016 at 11:07 PM.
Reply With Quote
The following user says Thank You to Okina for this post:

Old February 21st, 2016, 09:17 AM   #12 (permalink)
Elite Member
Detroit, MI
Futures Experience: Master
Platform: Ninja Trader, Investor RT
Favorite Futures: Crude, Russel, Gold, Euro FX
Posts: 50 since Jul 2011
Thanks: 5 given, 36 received

eone View Post
Thank you Babool,
Much thank you.

May I ask how you measure volatility?

Well, I don't exactly measure it but I look at my chart and ask myself two questions.

1) Is the chart moving to fast to trade..meaning that by the time I am able to react to my method entry that price has moved so far away or to close to my first partial target that i can'/wont take the trade.

2) Is the chart whipsawing moving up and down and looking like a jumbled mess ? Slowing the chart down by going to a larger range bar or increasing a time based bar (e.g. going from a 3 minute bar to 9 minute) will add clarity.

Depending on the method you trade volatility may or may not be a factor in your decision making. For example if your a market profile trader and your putting a buy order in at a 50% retracement of B period in order to attempt to participate in a possible range extension to the upside volatility may not be a big factor for you as your order is a resting order and your stop would be under the current day low. If your a daytrader trader that attempts to trade pullbacks in the direction of the trend using range bars, volatility will be an big factor in your decision making because of the size of the range bar will have a great effect on the number of trades you take, your target, your stop loss, etc.

Hope this helps.

Last edited by Babool; February 21st, 2016 at 09:25 AM. Reason: add
Reply With Quote

Old February 22nd, 2016, 03:59 AM   #13 (permalink)
Market Artist
Portland, United States
Futures Experience: None
Platform: NT7/NT8, TradingView
Broker/Data: IQFeed, Rithmic, IB, NT, FXCM
Favorite Futures: ES, CL, GC, Currencies, Bonds
Portland's Avatar
Posts: 160 since Jun 2015
Thanks: 942 given, 112 received

This post has been selected as an answer to the original posters question Answer

eone View Post
What is the ideal number of ticks on a Range chart for day trading?

It's all personal preference. So how do we figure that out? It really depends on what you want to see.

Smaller Number of Ticks = More Detail

Larger Number of Ticks = Less Detail

So for slower markets like the ES you'd probably want to play around with 1-8 tick range bars. For faster moving markets like CL check out 1-14ish

Personally, I like to use a 1 tick and 3 or 5 tick for the ES. I use the 1 tick to monitor the micro swings and the "health" of a trade's location. The 3-5 is my main chart which I use to draw Volume Profiles on. I only scalp for 1.5 or 2 points.

Reply With Quote
The following user says Thank You to Portland for this post:


futures.io > Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader > Range Chart - number of ticks for day trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sierra Chart sound alert every 'x' ticks (range) to gauge momentum Big Mike Sierra Chart 18 May 31st, 2016 05:13 PM
Indicator for counting number of ticks/point between 2 points zbear NinjaTrader 5 February 11th, 2016 02:05 PM
Can NinjaTrader provide data on the average number of ticks a trade moves against me? RMorgan NinjaTrader 2 July 14th, 2014 06:49 PM
number of ticks in a bar/ms timestamp ? sam028 NinjaTrader Programming 15 September 21st, 2012 07:50 AM
Previous Day OHLC for Range Chart? essiar NinjaTrader 2 October 15th, 2009 10:28 AM

All times are GMT -4. The time now is 10:28 AM.

Copyright © 2016 by 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 2016-10-23 in 0.08 seconds with 25 queries on phoenix via your IP