5" Bar - NinjaTrader | futures io social day trading
futures io futures trading


5" Bar
Updated: Views / Replies:911 / 9
Created: by torroray Attachments:3

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
 
Thread Tools Search this Thread
 

5" Bar

  #1 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

5" Bar

Hi all,

Is there any way to gather information on how many tick moved in 5" bar over a time period and displayed on the 5" chart.

The information would display the minimum, average and maximum tick moved for 5" bar.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


Are you talking about 5 minute bars? You would just need to divide the range by the ticksize, this would give you the number of ticks. Where do you want to display the information and what do you need it for?


torroray View Post
Hi all,

Is there any way to gather information on how many tick moved in 5" bar over a time period and displayed on the 5" chart.

The information would display the minimum, average and maximum tick moved for 5" bar.


Reply With Quote
 
  #4 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi Fat Tails,

On the upper left of 5" chart.

Sorry I am not talking about range chart. I said haw many tick moved on a 5" bar.

This information is to determined on how to act after entry. If the next bar is an inside bar or outside bar and decide to get out of the position placed earlier is wrong at a minimum loss.

I got the idea after reading a bit from Al Brooks book.

Reply With Quote
 
  #5 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

I am afraid that I don't understand what you look for... Maaf, saya tidak bisa mengerti yang kamu bertanya.


torroray View Post
Hi Fat Tails,

On the upper left of 5" chart.

Sorry I am not talking about range chart. I said haw many tick moved on a 5" bar.

This information is to determined on how to act after entry. If the next bar is an inside bar or outside bar and decide to get out of the position placed earlier is wrong at a minimum loss.

I got the idea after reading a bit from Al Brooks book.


Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #6 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi,

I hope by attaching a 5" chart would make it clearer.

In a trading session there are short 5" bar, average 5" bar and long 5" bar.

So my question, is there any way to gather this information over a time period and display in the rectangle area.

Attached Thumbnails
5" Bar-untitled.png  
Reply With Quote
 
  #7 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

You could create an indicator that depending on a lookback period determines the minimum, average, and the maximum range. You can plot it in the upper left corner of your chart. Do not think that this helps in trading. what do you want to do with this information?

I know the book of Al Brooks, he certainly does not use this.


torroray View Post
Hi,

I hope by attaching a 5" chart would make it clearer.

In a trading session there are short 5" bar, average 5" bar and long 5" bar.

So my question, is there any way to gather this information over a time period and display in the rectangle area.


Reply With Quote
 
  #8 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

if you have a clear mathematical definition of the infos you like to have in the rectangle , then this it possible

here is the basic idea of such an indicator - the box.

https://futures.io/ninjatrader-programming/1128-coding-beginners-text-value-boxes-your-chart.html

max-td
Reply With Quote
 
  #9 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi Max,

I have no ideas on programming.

Hi Fat Tails,

I know Al dont use it. He said some bars are Doji bars and some are trend bars. So if you enter on the wrong side you can exit the market on the next bar using information displayed on the rectangle box. For example if you enter on a Doji bar and market against you and you want exit on a trend bar the rectangle box will display how many tick is average a trend bar is and you would know where to get out.

I'll Post a chart.

Attached Thumbnails
5" Bar-untitled.png  
Reply With Quote
 
  #10 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Trending Bars


Now I see what you want to do. Why don't you simple colour the bars? Could take one colour for Doji bars and another one for trending bars.

I would not want to say that a wide ranging bar is always a trending bar. If

- the wide ranging bar follows a news release, it is often a balancing bar
- the wide ranging bar does not exceed a trading range, it can be a bar that covers the whole range

First you would need to refine your definition of a trending bar. Here is an exmaple of a definition:

An up-trending bar is a bar which opens near the low and closes near the high, which has an above average range and which makes a new n-bar high! It is important that the trending bar makes a contribution to shift value out of the value area of the auction process. A wide ranging bar, which does not close above or below the prior bars is no trending bar.

See also Jack D. Schwager On Futures, Technical Analysis, Concept of Thrust Bars.

Below is an example of a chart. The ranges are the value areas established by trending bars. The trending bars themselves are bright lime and red, the non trending bars are dark lime and dark red. The dojis are white.


torroray View Post
Hi Fat Tails,

I know Al dont use it. He said some bars are Doji bars and some are trend bars. So if you enter on the wrong side you can exit the market on the next bar using information displayed on the rectangle box. For example if you enter on a Doji bar and market against you and you want exit on a trend bar the rectangle box will display how many tick is average a trend bar is and you would know where to get out.

I'll Post a chart.


Attached Thumbnails
5" Bar-trending-doji-bars.jpg  
Reply With Quote
The following user says Thank You to Fat Tails for this post:

Reply



futures io > > > > 5" Bar

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
Indicators "Calculate on bar close" Question whatnext NinjaTrader 4 June 29th, 2011 06:48 PM
dealing with GetCurrentBidVolume and GetCurrentAskVolume , "long" casting into "int" jmejedi NinjaTrader Programming 4 May 23rd, 2011 10:33 AM
RJay's "Trader Volume" and "Trader Tick" Indicator Suites RJay The Elite Circle 20 December 20th, 2010 06:01 PM
Wondering if there is a "Range " bar without the 1 tick gap Breakout Traders Hideout 7 July 15th, 2010 02:47 AM
Multicharts "Bar Magnifier + Trailing stop" Bulby EasyLanguage Programming 2 June 10th, 2010 07:11 AM


All times are GMT -4. The time now is 04:03 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 0.13 seconds with 20 queries on phoenix via your IP 54.163.210.170