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Percent Based Kase Bars instead of Arithmetic Based?


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Percent Based Kase Bars instead of Arithmetic Based?

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  #1 (permalink)
Austin, TX
 
 
Posts: 4 since Sep 2014
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Hello. I have posted this question in TS forum with no hits. Maybe someone here can help?

I am looking for a way to chart Kase bars using percentages instead of arithmetic ranges. For instance right now in TS you can only base a bar's range in pennies/dollars (format symbol->target range). I would instead like to view Kase bars that have a target range a constant percentage.

This is very important for backtesting, etc as the underlying price changes through time and therefore so does the historical true range, etc. Can someone help me or make a suggestion as to how to get percent based bars for my Kase charts?

With percent based range the bars would be more consistent with ATR through time, especially on leveraged ETFs or stocks that change price a lot through time.

Thanks for your help/thoughts.

Sorry, I'm new to the site and cant attach the screenshot. I have one if it will help.

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Murrells Inlet SC
 
Experience: Advanced
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I have searched and searched- attempted to program a macro and tried everything under the sun. Nothing works. If TS would simply allow a formula in the range field my workflow would be so much easier.

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  #3 (permalink)
Austin, TX
 
 
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Inletcap View Post
I have searched and searched- attempted to program a macro and tried everything under the sun. Nothing works. If TS would simply allow a formula in the range field my workflow would be so much easier.

I reached out to kaseco (the inventor of the kase bar) and they said they have been trying to get TS to update their input range, but so far have not gotten them to (obviously). They mentioned that in bloomberg you have 3 choices for range including linked to a percent ATR as well as mimic minute bar...which also is linked to atr

I will link that convo in another reply.

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Austin, TX
 
 
Posts: 4 since Sep 2014
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Inletcap View Post
I have searched and searched- attempted to program a macro and tried everything under the sun. Nothing works. If TS would simply allow a formula in the range field my workflow would be so much easier.

Here is my convo with Kaseco.com pertaining to upgrading TS's Kase Bars to allow beyond arithmetic inputs...


I will see if we can discuss this with the Bloomberg programmers. The KaseBars are integrated into the TradeStation platform and the code is controlled by them, so we have no way to make changes. We have proposed three ways to build the Kase Bars to them:



1. Fixed Range - The target range is based upon units (dollars, points, etc.). This is the current implementation.

2. Percent of Daily ATR - The target range is set by a percentage of the daily ATR (30 days). So for instance, if the Daily ART for the past 30-days has been $1.00 and the user wants a 10% bar, the target range for that day would be $0.10. If the daily ATRY changed to $1.10 the next day, the target range for that day would be $0.11.

3. Mimic Minute Bar In this case the target range is set by the 10-day ATR of a time bar length. For instance, if a user wanted to mimic a 60-minute chart the target range would be based on the 10-day ATR of a 60-minute bar for that day.



These are all options we have successfully implemented on Bloomberg, but have yet to have incorporated on TradeStation. I will see if that is an option for us to implement on TradeStation.

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  #5 (permalink)
Austin, TX
 
 
Posts: 4 since Sep 2014
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Let me know if you are interested and I can post the TS code that will paint percent based range bars, but thus far will not help me with my analysis as it does not replace the chart data. Therefore all indicators, etc are still based on the time frame the chart is built in, not the % based analysis technique.

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  #6 (permalink)
Murrells Inlet SC
 
Experience: Advanced
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Trading: ES, CL, ETFs
 
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I am very interested- just killed an hour trying to build them (yet again)...

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  #7 (permalink)
Murrells Inlet SC
 
Experience: Advanced
Platform: Tradestation
Trading: ES, CL, ETFs
 
Inletcap's Avatar
 
Posts: 9,158 since Dec 2012
Thanks: 9,765 given, 25,977 received

Also- I just added ADE Floor Pivots which I use with Kase bars to the forum if you are interested

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Last Updated on November 5, 2014


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