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range bar size
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range bar size

  #1 (permalink)
Elite Member
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range bar size

I trade fce and work on stoxx and fdax. I see many of you using range bar charts. How do you define the proper range bar size?


Last edited by sam028; May 10th, 2010 at 07:25 AM. Reason: typo
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  #2 (permalink)
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  #3 (permalink)
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hi jb,

in example

a 6 range bar can be built from any tickssize , any volume, any time duration ,
BUT high minus low must be equal to 6 ticks - if we go 1 tick above / below that, the next Range-bar is starting.

hope i hit your question

max-td
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  #4 (permalink)
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Their is no answer for this, it depends how you're trading, where are your stops, your targets, and if are you're usually scalping for few ticks, or trying to catch larger movements.
The idea is maybe to put just one range bar chart, let's say 5 range for the FCE, and see how it moves during the day.

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  #5 (permalink)
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If you are trading momentum, perhaps the ideal range size would be a function of volatility? Just a thought.

Watch your money management too. No point trading 12 range bars if your max loss per trade is $100.

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  #6 (permalink)
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Answer
This post has been selected as an answer to the original posters question Answer

Average range bar size is between 5 and 6 --- i decide the size of the range bar based on volatility. fdax is alot more volatile than stoxx so you may want to increase yr range bar size of this instrument to say 7 -- you must play around with this to see how your charts look over a couple of days at least with yr chosen range sizes. can you see the trend with your chosen range sizes? is what you should ask yourself....

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6 range, average, fdax, information, max loss, momentum, money management, range bar, range bars, scalping, time duration, trading, trend, volatility, volume

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