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How to adapt indicators to range bars?
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How to adapt indicators to range bars?

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Elite Member
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How to adapt indicators to range bars?

Does anyone know how to adapt indicators so that they work with range bars in MultiCharts or TradeStation (EasyLanguage)?

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  #3 (permalink)
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enlightenor View Post
Does anyone know how to adapt indicators so that they work with range bars in MultiCharts or TradeStation (EasyLanguage)?

i don't understand what you mean by adapt. ???
with range bars your indicator will look very rigid... depending on the indi.
one thing that will help is the show wicks and real open option for range/point bars.

edit: noticed it was your first post, welcome to futures.io (formerly BMT)

I have approximate answers, possible beliefs and different degrees of certainty of different things. But I'm not absolutely sure of anything and there are many things i don't know anything about.
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When an indicator that is designed for a time-based chart is applied to a range bar chart, it becomes irregular and indicates in relation to the time version and does indicate in relation to the range chart. See attached screenshot with example with a MACD indicator.

What I am wanting is for indicators to indicate in relation the range bar chart. I imagine that it would involve some modification of the indicator code. Any ideas?

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  #5 (permalink)
Scarecrow
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woh!? that does look a bit odd. here is a pic of the same on my machine but
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I remember reading something about LMAX HERE
For what its worth

I have approximate answers, possible beliefs and different degrees of certainty of different things. But I'm not absolutely sure of anything and there are many things i don't know anything about.
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The data is good. And looks fine on time based charts. But as you can see the indicator is still oriented towards time charts and not towards range charts. So how to get indicators to orient towards range bars instead?

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enlightenor View Post
The data is good. And looks fine on time based charts. But as you can see the indicator is still oriented towards time charts and not towards range charts. So how to get indicators to orient towards range bars instead?

Don't be delusional.

the indicator takes the last price of the bar and calculates the formula.

the indicator does not know (or care) whether you used a time-based chart or tick-based chart or volume-based chart or a ranged-based chart. It is all TRANSPARENT to the indicator. All it knows is, it calculates the formula when it is give a price.

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Got a response from MultiCharts help that it wasn't working correctly because I was using two overlayed charts of bid and ask for more precise backtesting and have to use only one chart.

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Scarecrow
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enlightenor View Post
Got a response from MultiCharts help that it wasn't working correctly because I was using two overlayed charts of bid and ask for more precise backtesting and have to use only one chart.

i suppose i should've asked for your chart setup. glad you got it figured

I have approximate answers, possible beliefs and different degrees of certainty of different things. But I'm not absolutely sure of anything and there are many things i don't know anything about.
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