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NoGapRangeBars / RangeNoGap
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NoGapRangeBars / RangeNoGap

  #61 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
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Brouk View Post
Hi RJay,

Can I use Range No Gap without displaying Opening Gap like Range NT7 or Momentum Bars ? (screen below)

Thank you

Hi Brouk,

When the market opens gapped up or down, the movement has already taken place. The only thing the charts can do is display what has already taken place. Using 24 hour charts reduces the problem during the week. Gaps that occur over the weekend are going to look like the images you have posted.

RJay

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  #62 (permalink)
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RJay View Post
Hi Brouk,

When the market opens gapped up or down, the movement has already taken place. The only thing the charts can do is display what has already taken place. Using 24 hour charts reduces the problem during the week. Gaps that occur over the weekend are going to look like the images you have posted.

RJay

Hi RJay,

thank you for explanation...but I'm not sure if we understand each other. I will try to explain = If the RangeNoGap shows candles in the place where is the gap then my indicators include gap as the normal movement (for example, Initial Balance has a different value than it should have).

Attached Thumbnails
NoGapRangeBars / RangeNoGap-fgbl-06-13-4-range-.jpg   NoGapRangeBars / RangeNoGap-fgbl-06-13-rjay-s-rangenogap-4-tick-.jpg  
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  #63 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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Futures Experience: Intermediate
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Brouk View Post
Hi RJay,

thank you for explanation...but I'm not sure if we understand each other. I will try to explain = If the RangeNoGap shows candles in the place where is the gap then my indicators include gap as the normal movement (for example, Initial Balance has a different value than it should have).

Hi Brouk,

If you prefer or your indicators require the standard Range bars, you should use them.

I love my RangeNoGap bars. I use them all the time alongside my other products.

Its up to you to decide what works best for you.

RJay

Please Note: RJay RangeNoGap Bar Type is a free download both here on futures.io (formerly BMT) Elite and on my web site.

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  #64 (permalink)
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RJay View Post
Hi Brouk,

If you prefer or your indicators require the standard Range bars, you should use them.

I love my RangeNoGap bars. I use them all the time alongside my other products.

Its up to you to decide what works best for you.

RJay

Please Note: RJay RangeNoGap Bar Type is a free download both here on futures.io (formerly BMT) Elite and on my web site.

Hi RJay,

I love your RangeNoGaps too. ... its clear and logical. So, I have to thinking about it. In any case thank you for your answer.

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  #65 (permalink)
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I need indicator rangenogap for NT7.

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  #66 (permalink)
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pawel View Post
I need indicator rangenogap for NT7.

Read @RJay response to question in post #63 of this thread.

Rick

"If you're going to panic during a trade............. panic early."
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  #67 (permalink)
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pawel View Post
I need indicator rangenogap for NT7.



Hi pawel,


There are free downloads here on futures.io (formerly BMT) and on my web site.


Downloads - NinjaTrader 7 Miscellaneous - NoGapRangeBars_NT7 - Big Mike's Trading Forum


RangeNoGap | NinjaTrader Bar Chart By RJay


RJay

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  #68 (permalink)
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Thanks for No-Gap Range bars!


RJay View Post
As promised, here is the first of my contributions.

I can't stand the way NT's Range Bars have that stupid gap.

Or how the first tick of bar is colored the reverse direction of where it is going. And who needs that extra noise when the market is going sideways.

Attached is NT's Range bars with a slight modification on where the bar start occurs. I think it makes for a cleaner chart.

Let me know what you think. If this is a keeper, I can put it in the download section.

As always, please test before using live.

Update: Zip file has been relocated to the misc download area.

Have Fun,

RJay

RJay!

I have been using your "NinjaTrader NoGapRangeBars" for a few weeks now and the results are so much better than the NT 7 broken range bars. The funny thing is, I sent the description of "industry standard" range bars to NinjaTrader and they sent me a link to your charts (with no commitment to make theirs actually work properly).

When running automated strategies you only get to "make trading decisions" at bar close (for most strategies), this means their gap causes at least a 1 tick delay in getting to that "bar close" condition. The overall result is, your NoGap charts actually perform a great deal better with most strategies that use range bars. (especially under 5 tick bars).

As I mentioned to you in another conversation, the only problem is, the data box does not show the proper values on indicators. I do believe this is another NT 7 bug.

Thanks for a great tool for trading!

Gary

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  #69 (permalink)
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RJay View Post
Hi pawel,


There are free downloads here on futures.io (formerly BMT) and on my web site.




RJay

Thank you, I was 2 years free time (last time I use NT6,5 in 2011)

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  #70 (permalink)
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Hello @RJay

Please review the charts I've attached. Your no gap range bars on the left and NT's default range bars on the right. Could you explain why there's a difference of the opening price (orange line) and the high of day (green line)? The low of day (red line) agree with each other.

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Thank you,

Rick

"If you're going to panic during a trade............. panic early."
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