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Tick Size for number bars


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Tick Size for number bars

  #1 (permalink)
yamin2000
Saudi Arabia
 
Posts: 58 since Apr 2014
Thanks Given: 26
Thanks Received: 4

HI
i am new to sierra chart ,i am using number bars to trade stocks only the chart looks ugly because of the range of the bars and i need to make it fit the chart .I changed the Tick Size in chart settings to .05 and the chart now looks better .Does by doing this i skip important levels?(like .01 .02 .03 .04 )

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  #2 (permalink)
bdsound
Dallas Texas
 
Posts: 6 since Apr 2017
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yamin2000 View Post
HI

i am new to sierra chart ,i am using number bars to trade stocks only the chart looks ugly because of the range of the bars and i need to make it fit the chart .I changed the Tick Size in chart settings to .05 and the chart now looks better .Does by doing this i skip important levels?(like .01 .02 .03 .04 )


For ES Try "5r" for range bars of 5 ticks in range. Also I find 6 ticks works well. For ZB or ZN 3-4r and for CL 10r works well.

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  #3 (permalink)
yamin2000
Saudi Arabia
 
Posts: 58 since Apr 2014
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Ty
I trade only usa stocks

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  #4 (permalink)
 bearpondtrader 
Charlotte, NC/USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Infinity, AMP, Dorman
Trading: Futures ES, CL, GC
Posts: 34 since Jun 2012
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I agree with bdsound on futures range settings, with the additional idea that you can adjust the range based on volatility. When CL is sluggish I use a 5-6R.
What you're looking for is volume at price, and who's in control at what price. So the smaller ranges are included into whatever range you select. But a too large range will give you oscillations within the range bar, potentially masking the rotations within the chosen large range when in a range bound market.


Sent from my iPhone using futures.io

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Last Updated on June 7, 2017


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