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Question about Range Bars


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Question about Range Bars

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  #1 (permalink)
 Hapster 
San Diego, California
 
Experience: Intermediate
Platform: NinjaTrader, Felton
Trading: CL, GC
 
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Posts: 141 since Aug 2009
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At the risk of sounding like a complete idiot, can someone please explain what the number means in a range bar setting? I.E., if I set my bars to 6 range, what does the 6 represent? How is this different from a setting using tick counts?

Thanks!!

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 cory 
the coin hunter
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picture worths thousands words, I set my spacing = 4t, I set my bar = 4 range.
hm.. maybe not, in ninja 1 tick = 1 range

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 roonius   is a Vendor
 
 
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Hapster View Post
At the risk of sounding like a complete idiot, can someone please explain what the number means in a range bar setting? I.E., if I set my bars to 6 range, what does the 6 represent? How is this different from a setting using tick counts?

Thanks!!

6 ticks bar would be built from 6 trades
6 range bar can be built from many trades, but high minus low must be equal to 6 ticks

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Last Updated on November 4, 2009


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