Range Bars Queries

August 21st, 2012, 03:08 AM

Hello

another query:

i generally use range bars in my trading intraday and my market is India (NSE-NIFTY). its price is between INR 5000+
now i use 500R for it.

Nifty Range bars- 500R

the code i use is

Quoting

_SECTION_BEGIN( "Price" );
SetChartOptions( 0, chartShowArrows | chartShowDates );
SetChartBkGradientFill( ParamColor( "Inner panel upper", colorBlack ), ParamColor( "Inner panel lower", colorBlack ) );
_N( Title = EncodeColor( colorWhite ) + StrFormat( "{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );

TimeFrameMode( 4 ); // turn on range bars where N is expressed in tick size
TimeFrameSet( 20 ); // range in tick size

SetBarFillColor( IIf( C > O, ParamColor( "Candle UP Color", colorGreen ), IIf( C <= O, ParamColor( "Candle Down Color", colorRed ), colorLightGrey ) ) );
Plot( C, "", IIf( C > O, ParamColor( "Wick UP Color", colorDarkGreen ), IIf( C <= O, ParamColor( "Wick Down Color", colorDarkRed ), colorLightGrey ) ), 64, 0, 0, 0, 0 );

a1=EMA(EMA(C,21),21); //DEMA of Close
a2=EMA(a1,21);
Difference=a1-a2;
a=a1+difference; //zerolag
Plot( A, "", colorWhite, styleLine, styleThick );

b1=EMA(EMA(C,8),8); //DEMA of Close
b2=EMA(b1,8);
Difference=b1-b2;
b=b1+difference; //zerolag
Plot( B, "", colorAqua, styleLine, styleThick );

_SECTION_END();

i am right in my analysis. i do not use and tick size in the symbol information - i keep it blank.

this is in case of bank nifty - Price - 10000+)

am i in right direction? waiting values response from forum
sr

August 21st, 2012, 04:24 AM

sr114

i am right in my analysis. i do not use and tick size in the symbol information - i keep it blank.

this is in case of bank nifty - Price - 10000+)

?

August 21st, 2012, 04:35 AM

sr114

Hello

another query:

i generally use range bars in my trading intraday and my market is India (NSE-NIFTY). its price is between INR 5000+
now i use 500R for it.

Nifty Range bars- 500R

the code i use is

i am right in my analysis. i do not use and tick size in the symbol information - i keep it blank.

this is in case of bank nifty - Price - 10000+)

am i in right direction? waiting values response from forum
sr

Please try to be a bit more clear about what are you really asking ? What response do you want from the forum ? Exactly about what ?

Thanks

August 21st, 2012, 05:38 AM

ab456

Please try to be a bit more clear about what are you really asking ? What response do you want from the forum ? Exactly about what ?

Thanks

as u see the scrip is behaving well in rb, but when i apply this afl for gold or silver in MCX, the bars are not that co- herent. for gold - i use 2750R (price - 30K) and for silver 5000R(silver price 54k+)?

is the afl used is right in implementing range bars and for gold and silver what will be the optimum ranges?

if the afl is not right then pls correct it. also can i combine the fractal based trend line along this afl

thanx and regards
sr

August 21st, 2012, 07:38 AM

Doing a quick look at your code it seems to be OK. But I did not test it.
Timeframeset (20) would mean to set to range bars of size of 20 ticks via AFL and not using range bar sizes set in tools-preferences-intraday.

In the information window of each symbol you can define the tick size of each smybol per data base. But you can also set ticksize in AFL. Ticksize set in AFL overrides ticksize set in according information window.

You can alternatively use Param function to set range bar size via parameters dialog (CTRL+R or mouse right-click on the chart) .

Code

_SECTION_BEGIN( "Price" );
SetChartOptions( 0, chartShowArrows | chartShowDates );
SetChartBkGradientFill( ParamColor( "Inner panel upper", colorBlack ), ParamColor( "Inner panel lower", colorBlack ) );
_N( Title = EncodeColor( colorWhite ) + StrFormat( "{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );

rangesize = Param("Range bar size", 20, 1, 1000, 1);

TimeFrameMode( 4 ); // turn on range bars where N is expressed in tick size
TimeFrameSet( rangesize ); // range in tick size

SetBarFillColor( IIf( C > O, ParamColor( "Candle UP Color", colorGreen ), IIf( C <= O, ParamColor( "Candle Down Color", colorRed ), colorLightGrey ) ) );
Plot( C, "", IIf( C > O, ParamColor( "Wick UP Color", colorDarkGreen ), IIf( C <= O, ParamColor( "Wick Down Color", colorDarkRed ), colorLightGrey ) ), 64, 0, 0, 0, 0 );

a1=EMA(EMA(C,21),21); //DEMA of Close
a2=EMA(a1,21);
Difference=a1-a2;
a=a1+difference; //zerolag
Plot( A, "", colorWhite, styleLine, styleThick );

b1=EMA(EMA(C,8),8); //DEMA of Close
b2=EMA(b1,8);
Difference=b1-b2;
b=b1+difference; //zerolag
Plot( B, "", colorAqua, styleLine, styleThick );
_SECTION_END();

Keep in mind that to create proper range bars you need to use true tick data.

August 21st, 2012, 12:32 PM

Letmein

Doing a quick look at your code it seems to be OK. But I did not test it.
Timeframeset (20) would mean to set to range bars of size of 20 ticks via AFL and not using range bar sizes set in tools-preferences-intraday.

In the information window of each symbol you can define the tick size of each smybol per data base. But you can also set ticksize in AFL. Ticksize set in AFL overrides ticksize set in according information window.

You can alternatively use Param function to set range bar size via parameters dialog (CTRL+R or mouse right-click on the chart) .

Code

_SECTION_BEGIN( "Price" );
SetChartOptions( 0, chartShowArrows | chartShowDates );
SetChartBkGradientFill( ParamColor( "Inner panel upper", colorBlack ), ParamColor( "Inner panel lower", colorBlack ) );
_N( Title = EncodeColor( colorWhite ) + StrFormat( "{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );

rangesize = Param("Range bar size", 20, 1, 1000, 1);

TimeFrameMode( 4 ); // turn on range bars where N is expressed in tick size
TimeFrameSet( rangesize ); // range in tick size

SetBarFillColor( IIf( C > O, ParamColor( "Candle UP Color", colorGreen ), IIf( C <= O, ParamColor( "Candle Down Color", colorRed ), colorLightGrey ) ) );
Plot( C, "", IIf( C > O, ParamColor( "Wick UP Color", colorDarkGreen ), IIf( C <= O, ParamColor( "Wick Down Color", colorDarkRed ), colorLightGrey ) ), 64, 0, 0, 0, 0 );

a1=EMA(EMA(C,21),21); //DEMA of Close
a2=EMA(a1,21);
Difference=a1-a2;
a=a1+difference; //zerolag
Plot( A, "", colorWhite, styleLine, styleThick );

b1=EMA(EMA(C,8),8); //DEMA of Close
b2=EMA(b1,8);
Difference=b1-b2;
b=b1+difference; //zerolag
Plot( B, "", colorAqua, styleLine, styleThick );
_SECTION_END();

Keep in mind that to create proper range bars you need to use true tick data.

Yes i am using tick data for generating the range bars. using the code u rectified - when i change the range via param, the tools-preferences-intraday range settings are used and not the range i am setting. is there any way to overcome this . or i have to go via the intraday settings ?

also can i combine fractal based trend line with this code for getingthe clear picture of price action?

thanx for the reply

sr

August 22nd, 2012, 03:12 PM

Hello

pls require another help

MCX Silver - price 55000 and tick size is INR 1 - what will be the optimum range size if in symbol info i am using tick size = o and tick size = 0.05

MCX Gold - price 30300 tick size - INR 1 and the same condition for tick size - optimum range

MCX Crude Oli - range - INR 5500 , tick size - 1 INR, using tick size - 0.05, optimum range?

pls waiting for the reply

thanx and regards

sr

August 25th, 2012, 04:23 PM

sr114

Yes i am using tick data for generating the range bars. using the code u rectified - when i change the range via param, the tools-preferences-intraday range settings are used and not the range i am setting. is there any way to overcome this . or i have to go via the intraday settings ?

also can i combine fractal based trend line with this code for getingthe clear picture of price action?

thanx for the reply

sr

hi

tick data?
name of the source?
ur charts do not look like tick data

August 26th, 2012, 12:50 AM

bluevasp

hi

tick data?
name of the source?
ur charts do not look like tick data

source of tick data - terminal data capture utility.

cud u suggest a good and proper tick data provider.

also what is a pro[er tick data chart- - cud u provide some screen shots from ami and not from other charting sw.

sr

December 2nd, 2012, 01:31 PM

sr114

source of tick data - terminal data capture utility.

cud u suggest a good and proper tick data provider.

also what is a pro[er tick data chart- - cud u provide some screen shots from ami and not from other charting sw.

sr

eSignal - nifty 500R

img829.imageshack.us/img829/2722/nifty500r.png

img571.imageshack.us/img571/9384/nifty500r1.png

Range Bars Queries

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Range Bars Queries