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.
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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).
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Thanks for No-Gap Range bars!
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.
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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