Question about Range Bars

November 4th, 2009, 06:13 PM

At the risk of sounding like a complete idiot, can someone please explain what the number means in a range bar setting? I.E., if I set my bars to 6 range, what does the 6 represent? How is this different from a setting using tick counts?

Thanks!!

November 4th, 2009, 06:26 PM

picture worths thousands words, I set my spacing = 4t, I set my bar = 4 range.
hm.. maybe not, in ninja 1 tick = 1 range

roonius · November 4th, 2009, 07:47 PM

Hapster

At the risk of sounding like a complete idiot, can someone please explain what the number means in a range bar setting? I.E., if I set my bars to 6 range, what does the 6 represent? How is this different from a setting using tick counts?

Thanks!!

6 ticks bar would be built from 6 trades
6 range bar can be built from many trades, but high minus low must be equal to 6 ticks

Question about Range Bars

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Question about Range Bars