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Variable Range Bars


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Variable Range Bars

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  #1 (permalink)
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Range bars are great for automated systems in that the value of most price-related indicators, targets, and stops at the close of the bar can be predicted in advance. However, a range bar can take for ever to complete in a low volatility market. Is it possible to create an indicator for NT that would plot variable range bars, let's say as a function of volatility or other market behavior?

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  #3 (permalink)
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aligator View Post
Range bars are great for automated systems in that the value of most price-related indicators, targets, and stops at the close of the bar can be predicted in advance. However, a range bar can take for ever to complete in a low volatility market. Is it possible to create an indicator for NT that would plot variable range bars, let's say as a function of volatility or other market behavior?

Is this the kind of thing you're looking for?

"Summer's Bars
Proprietary price bars designed by EOTPRO. They essentially are adaptive range bars. When the market slows down the bars speed up (the range becomes smaller) and when the markets speed up the bars get taller (range expands ). The bars give a big advantage because they still maintain the properties of range bars but adapt to the current market conditions. " - EOTPRO

YouTube - Summers Bars WWW.EOTPRO.COM

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  #4 (permalink)
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Sounds cool, however, seems to be a proprietary bar type, and not an indicator, that is not available on other platforms. Oh, well... maybe an idea for NT to develop one.

Thanks, g8r

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  #5 (permalink)
Market Wizard
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tellytub View Post
Is this the kind of thing you're looking for?

"Summer's Bars
Proprietary price bars designed by EOTPRO. They essentially are adaptive range bars. When the market slows down the bars speed up (the range becomes smaller) and when the markets speed up the bars get taller (range expands ). The bars give a big advantage because they still maintain the properties of range bars but adapt to the current market conditions. " - EOTPRO

YouTube - Summers Bars WWW.EOTPRO.COM

In my opinion, this is inaccurate information. A bar type does not give the trader any advantage whatsoever. The markets moves because supply and demand creates the stage for it. A given bar type won't help you very much to identify smart money buying or selling in the right place in context with the background which is where you can gain any advantage.

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  #6 (permalink)
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tellytub View Post
Is this the kind of thing you're looking for?

"Summer's Bars
Proprietary price bars designed by EOTPRO. They essentially are adaptive range bars. When the market slows down the bars speed up (the range becomes smaller) and when the markets speed up the bars get taller (range expands ). The bars give a big advantage because they still maintain the properties of range bars but adapt to the current market conditions. " - EOTPRO

IMO, decreasing bar size during slow price action is completely bassackwards. Think about it a minute, do you want to help yourself or your broker?

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  #7 (permalink)
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I agree with trendisyourfriend, the bar types are just cosmetic and just help organisations to sell their product. At the end of the day an imbalance in supply and demand moves price. If the market gets too short too quick you are likely to see the market reverse and go long as late shorts cover their positions similary if traders get too long they liquidate theirpositions and the market pulls back allowing longer term traders to aquire cheap stock. The key element is try and identify where inventory is short and where it is long.

Trafford

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  #8 (permalink)
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Try using two range charts, a slower (larger range) and faster (smaller range). When the larger slows down and stops making new bars look at the smaller.

Dan

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  #9 (permalink)
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if you really think about it would you as a trader want to be trading in an environment where you are losing volume and volitilaty? no way. it can only lead to chop and lack of follow through.

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  #10 (permalink)
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tellytub View Post
Is this the kind of thing you're looking for?

"Summer's Bars
Proprietary price bars designed by EOTPRO. They essentially are adaptive range bars. When the market slows down the bars speed up (the range becomes smaller) and when the markets speed up the bars get taller (range expands ). The bars give a big advantage because they still maintain the properties of range bars but adapt to the current market conditions. " - EOTPRO

YouTube - Summers Bars WWW.EOTPRO.COM

If you havent already done so, look at Kase Bars and BetterRenko Bars as good options depending on your trade style

Jon

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