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RangeNoGap vs Range bars
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RangeNoGap vs Range bars

  #1 (permalink)
Elite Member
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RangeNoGap vs Range bars

what is actual diff bet RangeNoGap vs Range bars? looks basic, but didnt know

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  #2 (permalink)
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Why No Gap Range Bars

I copied this explanation from the download section for the no gap range bars.


This is a slightly modified version of NinjaTrader's Range Bars.

In NinjaTrader's Range Bars, the Open[0] of each bar equals Close[0].

In This version, the Open[0] of each bar equals Close[1] .

NinjaTrader's Range Bars set on a 4 tick range needs 5 ticks of movement to create a new bar.

This version set on a 4 tick range needs just 4 ticks of movement to create a new bar.

It closes the gaps in trending bars.

It also removes a 1 tick hash programmed into the chart when the market is moving sideways.

I think it makes for a cleaner chart.

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  #3 (permalink)
Trade with the flow
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I prefer range bars. If you do any automation or backtesting, the no gap range bars will not work because they open at the previous close and this will cause a 1 tick difference from reality.

Minute bars have gaps, I don't see why range bars shouldn't.

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  #4 (permalink)
Just starting out...
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this no gap range bar indicator is not working on ninja version 7, only on version 6.5. anybody figure out how to adapt it? Thanks.

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  #5 (permalink)
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Slightly off topic but close. Gaps in data are part of life. If you backtest be sure you select a bartype that is based on the data as opposed to an artificial gaps or no gaps. Hopefully this makes sense. It does to me. Ha

Mike Winfrey

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  #6 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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ciremo View Post
this no gap range bar indicator is not working on ninja version 7, only on version 6.5. anybody figure out how to adapt it? Thanks.

Did you download the NT7 version???

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  #7 (permalink)
Trading Apprentice
Weston, FL, USA
 
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Does anyone have this Chart Format for Ninjatrader 7?

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  #8 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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pedrop View Post
Does anyone have this Chart Format for Ninjatrader 7?


https://futures.io/free_downloads/ninjatrader-7/misc/234-download.html?view

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