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RANGE CHARTS
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RANGE CHARTS

  #21 (permalink)
Just starting out...
Napa, CA
 
Futures Experience: Intermediate
Platform: NT
 
Posts: 2 since Dec 2009
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lca9900 View Post
I actually started trading range bars due to Jeff. I am currently using a template found in the download section which only uses moving averages and line charts. I do have a candle chart without indicators but I found the line chart much easier for me to pull the trigger on a trade. And the range chart is perfect for this setup.

In fact the template is similar to a commercial indicator for the forex market. But I think it might work for any other market.

lca9900, can you point me to the template for range bars you like?

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  #22 (permalink)
Just starting out...
San Diego, CA
 
Futures Experience: Advanced
Platform: NinjaTrader
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boomer50usa View Post
lca9900, can you point me to the template for range bars you like?

The templates are in the download section under "Workspaces and Templates" I use the Almost797 and 3RingCircus template.

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  #23 (permalink)
Just starting out...
rome
 
Futures Experience: Beginner
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range bars vs point original bars


hi everybody. i have recently started to experiment with point original bars, as posted by richard todd on movethemarkets.com. for those of you who never heard of them, the range count starts at the open of the bar, and closes only when distance from open (not H or L) is reached. they look to me like a happy medium between range bars and renko. i have been using them on gold, results are encouraging, and i'm beginning to spot some patterns. has anybody ever traded with them? any insight would be greatly appreciated.

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  #24 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
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Here's my take:

volume works best with minute & tick, doesn't work well with range, and doesn't work at all with renko

cycles work best with renko, work ok with range, and don't work as well with tick & minute

breakouts work on all of these but are easiest to see with range charts

Since most indicators are based on price only, if you add a time element that can distort it. I trade range bars without any indicators, and I think if one trades without indicators it doesn't matter what bar type you use and you can move from one to another.

So use whatever works.

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  #25 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
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cunparis View Post
I trade range bars without any indicators, and I think if one trades without indicators it doesn't matter what bar type you use and you can move from one to another.

Interesting. A month ago you used many indicators. Can you share with us how you made the transition so quickly?

https://futures.io/traders-hideout/1283-your-indicator-crutch-brace-bike.html#post16417

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  #26 (permalink)
Trade with the flow
Paris, France
 
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Zoethecus View Post
Interesting. A month ago you used many indicators. Can you share with us how you made the transition so quickly?

https://futures.io/traders-hideout/1283-your-indicator-crutch-brace-bike.html#post16417

I said I trade range bars without indicators. I did not say that I don't use any indicators.

For CL I use range bars naked.

For ES I use a cycle indicator (better sine wave but PSO would work as well) plus some volume indicators plus a volume momentum indicator. I have removed 20 EMA & the particle oscillator as they did not help me.

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  #27 (permalink)
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cunparis View Post
I said I trade range bars without indicators. I did not say that I don't use any indicators.

For CL I use range bars naked.

For ES I use a cycle indicator (better sine wave but PSO would work as well) plus some volume indicators plus a volume momentum indicator. I have removed 20 EMA & the particle oscillator as they did not help me.

Thanks for clearing that up.

How is the Better Momentum working for you? I wish it were available for NT.

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  #28 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
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Zoethecus View Post
Thanks for clearing that up.

How is the Better Momentum working for you? I wish it were available for NT.

To be 100% honest - I'm not convinced it's worth having on my chart!

The problem is that when it works it looks awesome. But when it shows divergence and price just continues on, it is very frustrating. Way too many false alarms. That's why I'm seriously considering removing it. I do not like anything that makes me second guess. This is why I try to trade with a minimum of timeframes and indicators.

I'm working on an NT port, hope to have something in January when I have more time.

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  #29 (permalink)
Elite Member
Seattle
 
Futures Experience: Intermediate
Platform: Tradestation NingaTrader
Broker/Data: ESignal
Favorite Futures: Stocks
 
Posts: 10 since Jul 2009
Thanks: 1 given, 7 received

Range Bars

I too use Range Bars with EOT Pro trading stocks with good success f

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  #30 (permalink)
Elite Member
arizona
 
Futures Experience: Intermediate
Platform: rolling my own
Favorite Futures: ES,CL,GC,6E
 
GoldStandard's Avatar
 
Posts: 211 since Oct 2009
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i like range bars


I use 2-range bars for scalping pullbacks... they are a big help to me in seeing patterns on small time frames such as the repeating moves and retests that would just look like a single wide range bar on a time-based chart. And they can help make it more clear what is going on in tightly ranging areas.

I find that VolumeStop v4 works great in combination with range bars.

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