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Video Interview: Kase Bars
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Created: by shodson Attachments:5

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Video Interview: Kase Bars

  #51 (permalink)
Elite Member
Massachusetts (USA)
 
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stephenszpak's Avatar
 
Posts: 778 since Jun 2009
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I have seen the video. The 2 attachments are from it.

As was said in the video, if you had a single long bar of X minutes,
now you have several short ones. If you normally had several short
bars of the same periodicity, now you will have one, or just a few.

There no concern that one sometimes has about using a 10 minute
chart, for example, and seeing a HUGE move that triggers your
indicator after the move is done. You would have to adjust your indicator
or course, but HUGE moves will never exist in a Kase chart.

Contrary wise, a large number of 10 minute bars that go no where
are reduced to one or just a few.

Also of some interest, is that about the same number of bars exist
in the X minute chart (always on the right) as do on the Kase in the
two images posted here.

Attached Thumbnails
Video Interview: Kase Bars-image-1.jpg   Video Interview: Kase Bars-image-2.jpg  
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  #52 (permalink)
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I checked out the Kase website. Some links are below if anyone has interest.
{I have no opinion on this company.}
=============================================================

About Kase: Kase And Company Inc.

--------------------------------------------------------------------------------------------------------------

Kase StatWare: Kase and Company Inc.

This proprietary, state-of-the-art, market-timing software condenses its signals into a simplified, color-coded display system to fine tune entries and exits. Traders value StatWare because it combines high accuracy with ease of use. Developed using statistically based AI technology, StatWare is compatible with all liquid and active markets including stocks, commodities, bonds, futures, options and indices.
-----------------------------------------------------------------------------------------------------------------

Kase StatWare knowledge base: Kase And Company Inc.

----------------------------------------------------------------------------------------------------------------

Kase StatWare FAQ: Kase And Company Inc.

-----------------------------------------------------------------------------------------------------------------

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  #53 (permalink)
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If anyone has an idea about this that would be great.

As I understand it, Kase bars are much like range bars but
Kase use only data that is real.

Is it mathematically possible/valid to take a Kase bar of 3,
which would have a short time period, and apply a moving
average to it? Let's say SMA of 8. Then using NT take that
SMA=8 and overlay it onto the same instrument with a Kase
of 6. {I'd be looking for a single chart of Kase=6 with a
single moving average visible.}

The idea is to have a Kase=6 with what would seem to be
a smooth moving average on it. Instead of using a Kase=6
with a SMA of 4 on it. (A SMA of 4, is a bit jerky.)

I don't know if doing this would cause the newly created
moving average to go out of sync with the bars. Since the
moving average is not being created from those exact bars.

Sorry if this is confusing. Back in several days.

- Stephen

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  #54 (permalink)
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Since my last and favorable post on Kase bars with ATS, I now report they are no better or worse than other tick based bars. As far as NT is concerned, if you seek accurate backtest results, nothing compares to time based charts. The others cannot be trusted.

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  #55 (permalink)
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I use Interactive Brokers with NT7 and Interactive Brokers does not supply historical tick data. Therefore, I cannot backfill the data on my charts when using Range or Kase bars.

I'm curious if there is a way to have these Kase bars based on 1 minute data so that I have access to historical Kase or Range bars? I understand that this type of historical bar would not be completely accurate, however, it would allow me to backfill my chart with Range/Kase bar data even if it is not as accurate as historical tick data.

As a workaround, I'm also thinking of whether the Kase/Range bars can be used as an indicator instead of a bar type. Possibly this would work for those of use who don't have access to historical tick data. We could simply use the Kase/Range bars as an indicator based on 1 minute data instead, which would allow us to have the necessary historical data to backfill the chart.

I'm not a programmer, so any thoughts would be appreciated.

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  #56 (permalink)
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excite2 View Post
I'm curious if there is a way to have these Kase bars based on 1 minute data so that I have access to historical Kase or Range bars?

Yes, this can be done. The NT bar generation code can be written to look at ticks or other bars types as input. The code is currently written to only look at ticks though, as that is what I have experience with.

To make this change, you would have to change the Add() method to look at the open, high, low, and close instead of just the close as is done today. There are a few other items that need to change, like the BuiltFrom property, and somehow you need to pass in the config for what bars you want to build off of. There are other bar types in NT that do allow bars to be built based on other bars, so I would use those as an example of what needs to be done.

Note, when you base the bars on minute bars (or any bar type), you should be using a larger Kase bar if you want to see anything useful.

Edit: I should have mentioned that Kagi, LineBreak, and PointAndFigure types are good examples that use multiple bar input types.

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  #57 (permalink)
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excite2 View Post
I use Interactive Brokers with NT7 and Interactive Brokers does not supply historical tick data. Therefore, I cannot backfill the data on my charts when using Range or Kase bars.

I'm curious if there is a way to have these Kase bars based on 1 minute data so that I have access to historical Kase or Range bars? I understand that this type of historical bar would not be completely accurate, however, it would allow me to backfill my chart with Range/Kase bar data even if it is not as accurate as historical tick data.

As a workaround, I'm also thinking of whether the Kase/Range bars can be used as an indicator instead of a bar type. Possibly this would work for those of use who don't have access to historical tick data. We could simply use the Kase/Range bars as an indicator based on 1 minute data instead, which would allow us to have the necessary historical data to backfill the chart.



I'm not a programmer, so any thoughts would be appreciated.

Excite2,

You can connect to more than one connection. So you should be able to connect to IB connection as the primary connection, and then (and here's the caveat) connect to a secondary connection. the caveat is that you'll need another live feed such as Zenfire. So if you really want to trade through IB, but have Tick and Range charts capability, you'll need to either pay for another feed, or open up another account that will give the data to you for free.

John

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  #58 (permalink)
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Thanks Aslan & John2000. This is very useful info.

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  #59 (permalink)
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Excite,
also in your "iB" connection set up you can choose for historical data choose external servers -- i believe that is what i did as that is what i use and i have all the historical data for kase bars that i need --- and that will fill in all the historical data you need for using nt7-- dont think that works for nt6.5 ... ninja trader has servers that has all that tick data backed up for you so it doesnt matter if you use iB or not ---
hope that helps or at least get you hunting in the right direction

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  #60 (permalink)
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Hi Vailiant. I trade foreign stock exchanges such as Tokyo, Euronext and Toronto. Do you know if Ninjatrader has backup data for these?

I am using the free, non trading version of NT7 at the moment and when I followed your suggestion, I still can't get any historical data.

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