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Wondering if there is a "Range " bar without the 1 tick gap
Wondering if there is a "Range " bar without the 1 tick gap between the open and close of the previous bar ? Ed's Renko is close to what I'd like ,but has to go twice the previous bars body on reversal before a new candle is started . thx
Can you help answer these questions from other members on NexusFi?
This is a slightly modified version of NinjaTrader's Range Bars.
In NinjaTrader's Range Bars, the Open[0] of each bar equals Close[0].
In This version, the Open[0] of each bar equals Close[1] .
NinjaTrader's Range Bars set on a 4 tick range needs …
Break, I swear I never saw your profile before I entered my favorite instrument. Anyway, there is a no-gap bar .zip in the Ninja 7 indicators section. It may be what you are looking for but not me. It creates a new bar when the bar is filled and the next tick exceeds the range specified. Then it goes back and fills the bar to the previous high (or low) then the rest of the bar is completed. This is almost what NTs range does except I guess it is a little better because the next bar high is not the range plus one tick above the previous bar.
No, I am looking for what Cynthia Kase described where a new bar was started as soon as the current bar was filled regardless of what the next tick is. I think we'll get more granularity of the order flow that way.
