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Broker: Thinkor Swim for Charts an Infinity Futures for Trading Dom
Trading: Oil
Posts: 54 since Jul 2012
Thanks Given: 449
Thanks Received: 48
on the TOS platform the range bar settings are in $,05 $,10 and so forth how does that compare to a 3 range bar or 6 range bar etc..Gary uses a 6 raange bar so I am trying to figure that out and have never usedrange bars before. Thanks
Can you help answer these questions from other members on NexusFi?
You have to check what is the smallest tick for the instrument, then multiply it by the range that you want. For example, I just checked that smallest tick for CL is 0.01. So a 6 range CL chart would be $0.06 chart on TOS (0.01x6)..
Me prefer 4 range chart for TF and the smallest tick for TF is 0.1, so it'll be $0.40 chart on TOS (0.1x4)..
Very sorry, I made a mistake in my earlier post. I checked it on TOS before making that post, but I forgot that the minimum tick size for ES is 0.25, not 0.1. Hence, a 6-range ES chart should be $1.50 ES chart on TOS (0.25 tick x 6)..
