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Range bars ... renko ... minute charts - which is best???
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Range bars ... renko ... minute charts - which is best???

  #11 (permalink)
Elite Member
Massachusetts (USA)
 
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stephenszpak's Avatar
 
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There are also Kase bars. You probably have found out about them
already. Enclosed is an attachment using real CL data.

More on Kase here (several pages):

https://futures.io/traders-hideout/4510-video-interview-kase-bars.html

- Stephen

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Range bars ... renko ... minute charts - which is best???-kase-bars-using-hollow_candles-.jpg  
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  #12 (permalink)
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new york
 
Futures Experience: Beginner
Platform: SC, NT
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I use minute. It is not because minute bar give better formation or anything. I am using it is because I know exactly when the bar is going to close. With other type of bars, I don't know how long it going to take. For example, with 2 pt range range, it can take hours, or it can takes just seconds.

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  #13 (permalink)
Membership Revoked
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All bar types, if they are working properly, contain the same price information. Hard to say if one is better than the other since discretionary trading is such an individual affair. Who's to argue with another's success?

But ask yourself if the market knows or cares that one bar type just closed as another one opened at the same price.

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  #14 (permalink)
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Pt Vala
 
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It is very helpful to try the various chart types on just one data set.
Then start drawing trend lines.

You will see very clearly which chart types are of value and which are not.
If you use the right chart type and parameters everything snaps into place.



What also might be helpful:
Think about the big guys.
Assume they get a huge order to work (e.g. buy 10,000 ES) what is import to them: time, price range?

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  #15 (permalink)
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Platform: X trader, meta trader, oanda, city index, ninja trader
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Posts: 7 since Feb 2013
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I use Tick Chart and Volume Chart mainly.
Time based chart for reference.

I trade emini S&P.

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