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Timeframes with Range bars
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Timeframes with Range bars

  #1 (permalink)
Elite Member @ Ibiza
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Timeframes with Range bars

Hi,


Can someone help me about what number of range bars and also timeframes I need to my day trading with CL and ES. Lately I tryed to use ticks and range bars. The problem with ticks at Ninjatrader is the Volume, ticks bars doesn't print in a pretty way the Volume. Ticks are all bars almost the same size and you can not see the difference:

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You can see the difference between ticks and range or minutes is so huge if you wanna follow the volume:

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Range bars are fine, but I need to know what timeframes need for study. What I know (I saw a Big Mike video about CL) is:

1 timeframe: 89 volume bars
2 timeframe: 6 range bars
2 timeframe: 12 range bars

And the next? I think at least I need 1 or 2 timeframes more until timeframe Day bar to see the direction of the trend, 32 range bars could be ok? I tryed 24 range bars but seems a few...

The last question, what timeframes for the ES with range bars do you use as well???


Thanks guys

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  #3 (permalink)
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Range bar size


Chart of the 9 Range bar of CL today.
i like the size 9 Range bar, as i recently have been working with.
mmichaels also uses this size Range bar i have seen.
Good for day trading so far.

Attached Thumbnails
Timeframes with Range bars-cl-10-13-9-range-9_13_2013b.jpg  

Last edited by sandptrader; September 13th, 2013 at 04:23 PM. Reason: added letter
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sandptrader View Post
Chart of the 9 Range bar of CL today.
i like the size 9 Range bar, as i recently have been working with.
mmichaels also uses this size Range bar i have seen.
Good for day trading so far.

Thanks man! but do you use just one timeframe? Don't you see a small timeframe and biggers timeframe to study the price???

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  #5 (permalink)
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Multiple Timeframes


noyss View Post
Thanks man! but do you use just one timeframe? Don't you see a small timeframe and biggers timeframe to study the price???

Yea, i do use Multiple Timeframes/bar sizes, but thought you were asking for Range size in particular.
I use mainly Renko type charts.
I use sizes 3 up to 12 Renko for day trading.
I scan through these sizes looking for set ups, and as you mentioned i would be looking at Larger size for trend and smaller for entries.

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sandptrader View Post
Chart of the 9 Range bar of CL today.
i like the size 9 Range bar, as i recently have been working with.
mmichaels also uses this size Range bar i have seen.
Good for day trading so far.

Hello @sandptrader

I like the way you have setup your chart. Looks interesting. Would you mind posting your template and indicators used?

Thank you for considering my request,

Rick

"If you're going to panic during a trade............. panic early."
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sandptrader View Post
Yea, i do use Multiple Timeframes/bar sizes, but thought you were asking for Range size in particular.
I use mainly Renko type charts.
I use sizes 3 up to 12 Renko for day trading.
I scan through these sizes looking for set ups, and as you mentioned i would be looking at Larger size for trend and smaller for entries.

And if you wanna see a bigger zoom of the market, after 12 range bars you go through 1 day timeframe???

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If you are asking what time frames to use, you are the only person that can answer that.

Watch this webinar:
https://futures.io/webinars/jan14_2012/where_to_start_part_1/

It shows you how to pick an instrument and a time frame.

Simply trying to copy someone else isn't going to work. You need to make decisions based on the right information for YOU.

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  #9 (permalink)
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Big Mike View Post
If you are asking what time frames to use, you are the only person that can answer that.

Watch this webinar:
https://futures.io/webinars/jan14_2012/where_to_start_part_1/

It shows you how to pick an instrument and a time frame.

Simply trying to copy someone else isn't going to work. You need to make decisions based on the right information for YOU.

Mike

OK Mike,

Thanks for the info... I try every timeframe, but didn't find any good info about range and how it works. I like to know how people trade, then I experiment for sure.

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noyss View Post
Hi,


..
And the next? I think at least I need 1 or 2 timeframes more until timeframe Day bar to see the direction of the trend, 32 range bars could be ok? I tryed 24 range bars but seems a few...
..

here is kwipop suggested tf for CL

Attached Thumbnails
Timeframes with Range bars-cl3tf.png  
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