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Tick Size for number bars
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Created: by yamin2000 Attachments:2

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Tick Size for number bars

  #1 (permalink)
Trading Apprentice
Saudi Arabia
 
Futures Experience: None
Platform: hhg
Favorite Futures: hhh
 
Posts: 17 since Apr 2014
Thanks: 14 given, 1 received

Tick Size for number bars

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)
Trading Apprentice
Dallas Texas
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 6 since Apr 2017
Thanks: 4 given, 2 received


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)
Trading Apprentice
Saudi Arabia
 
Futures Experience: None
Platform: hhg
Favorite Futures: hhh
 
Posts: 17 since Apr 2014
Thanks: 14 given, 1 received


Ty
I trade only usa stocks

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  #4 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Broker/Data: Infinity
Favorite Futures: Crude CL
 
Posts: 32 since Jun 2012
Thanks: 43 given, 25 received

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.


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