6 point bars - futures io
futures io



6 point bars


Discussion in Platforms and Indicators

Updated
    1. trending_up 1,014 views
    2. thumb_up 1 thanks given
    3. group 2 followers
    1. forum 5 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

6 point bars

(login for full post details)
  #1 (permalink)
musicjunkie
Delhi+India
 
 
Posts: 3 since Feb 2013
Thanks: 1 given, 0 received

Hello everyone, this Is my first post here, glad was able to find this place.

My question is about this video where Big mike goes through a chart.

Link-- > (has been disabled for me since i'm a new member) {blog post Saturday, May 1, 2010, Titled Example/Tutorial of real-time Price Action Trading }

The bar sizes all seem to be of similar size. He mentions something about 6point range. I'm guessing there isnt a time-stamp of the bars but a "range stamp" of 6-points. If this is the case what kind of chart is this called?

I think I ran across a thread somewhere else which called this CRB (constant range bars).

If i'm completely offtrack, well so much for first impressions

MJ-

Reply With Quote

Can you help answer these questions
from other members on futures io?
Weather services for trading NG
Trading Reviews and Vendors
Futures education program reviews
Trading Reviews and Vendors
need help writing easylanguage radarscreen weekly perfor …
EasyLanguage Programming
Tradenlernen martin popov
Trading Reviews and Vendors
AMP discontinuing its co-location server? Which futures …
Brokers
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
43 thanks
Big Mike in Ecuador
28 thanks
The tiyfTradePlanFactory indicator
25 thanks
EdgeProX from Edge Clear
24 thanks
 
(login for full post details)
  #3 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,321 received


Hi musicjunkie and welcome,

Yes you get many different bar types, not just minute bars. You get bars that are based on time, price or volume (and some even more exotic creations). The type you seem to be referring to are range bars as you mentioned. Here is an article which should aid in your understanding of range bars: Range Bar Charts: A Different View Of The Markets

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
The following user says Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #4 (permalink)
musicjunkie
Delhi+India
 
 
Posts: 3 since Feb 2013
Thanks: 1 given, 0 received

Thank you Dark pool for replying and follwing up with a link and also the courtesy of moving my thread to a more relavant discussions category.

I have Amibroker and it seems that the range bar option in it doesnt work, I set it to 1,000 ticks on a instrument trading at Rs(rupees) 6,000 and each bar has a range it fancies. Sometimes a range is 12 or times is 30. I think there is something wrong with the way Amibroker calculates it

Anyone happen to use Amibroker with constant range bars?

MJ-

Reply With Quote
 
(login for full post details)
  #5 (permalink)
musicjunkie
Delhi+India
 
 
Posts: 3 since Feb 2013
Thanks: 1 given, 0 received

Well I think I've found out why this was happening. We need tick data, which I don't use since i trade slightly higher time-frames.

Thank you, even if it was for acting like a soundboard.

MJ-

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,321 received


musicjunkie View Post
Well I think I've found out why this was happening. We need tick data, which I don't use since i trade slightly higher time-frames.

Thank you, even if it was for acting like a soundboard.

MJ-


Cool, sounds like you've figured it out. Im not familiar with AmiBroker but you mentioned you set the bar types to 1000tick. Keep in mind that there is a difference between a range bar type and tick bar type. A tick bar type counts the number of trades that happen and moves to the next bar when the defined number of trades (ticks) have occured. Therefore the size of the bar will vary. A range bar on the other hand could have any number of trades (ticks) within it and will only move to the next bar when the defined range has been reached/exceeded.

Diversification is the only free lunch
Follow me on Twitter Reply With Quote


futures io Trading Community Platforms and Indicators > 6 point bars


Last Updated on March 1, 2013


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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