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Adjusting range (or volume/tick) charts for volatile days
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Adjusting range (or volume/tick) charts for volatile days

  #1 (permalink)
Surrey, UK
 
Trading Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker/Data: Kinetick, InteractiveBrokers
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Posts: 252 since Jun 2010
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Adjusting range (or volume/tick) charts for volatile days

Hi All,
I was wondering about the best ways to adjust for volatility.

I am using Ninjatrader I have a range chart which I have set to a range value based on historical volatility. Might be obvious but on days when there is much greater (or much less) volatility, how do people account for this? Do you just increase (decrease) the range value at the open until the chart looks good?
I guess the same concept applies to tick or volume charts.
Thanks,
iq

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  #2 (permalink)
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  #3 (permalink)
New York, New Jersey/USA
 
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iq200 View Post
Hi All,
I was wondering about the best ways to adjust for volatility.

I am using Ninjatrader I have a range chart which I have set to a range value based on historical volatility. Might be obvious but on days when there is much greater (or much less) volatility, how do people account for this? Do you just increase (decrease) the range value at the open until the chart looks good?
I guess the same concept applies to tick or volume charts.
Thanks,
iq

My advice is to find a setting that you like and stick to it. Over time you will be able to gauge the type of day just by sensing the pace of the chart. That is what you should strive for, constantly changing settings is counterproductive in my opinion.

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  #4 (permalink)
Madison, NJ
 
Trading Experience: Intermediate
Platform: CQG/TOS
Broker/Data: Optimus/CQG
Favorite Futures: 6E/NQ
 
Posts: 118 since Jun 2010
Thanks: 51 given, 84 received

In TOS, you can set the range to be N-day ATR. It does a decent job adjusting to market volatility. I'm not aware of any other platforms that can do similar trick. Probably someone can program it on Sierra or NT.

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