5 minute Bars are the Best

No I just apply an exponential moving average to it to get a number...this number translates to the number to use in RangeBars.

Some charting programs will allow you to merge a MA into an indicator...

ES
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Quote from mdl060374:

Just curious, Isnt the ATR expressed as a MA by default? Or are you creating a custom indicator to smooth out the somewhat smoothed ATR?
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Quote from ElectricSavant:

Here...

Take a 480 period ATR on a 15m chart...then take 128 ema of the ATR. This result will give you the ideal rangebar setting.

this is no way a noobish question...

RangeBars will open up a whole new world of trading for you.

good Trading to you..(remember you found this out on EliteTrader when you become a master trader)

ES
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I put the ATR in the EMA...looks like I should of done the opposite!
 
Good Trading to you ten...

Let me know of the next EA you develop...ok? &#9786;

ES

Quote from tenthousandmen:

I put the ATR in the EMA...looks like I should of done the opposite!
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Quote from ElectricSavant:

No I just apply an exponential moving average to it to get a number...this number translates to the number to use in RangeBars.

Some charting programs will allow you to merge a MA into an indicator...

ES
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Ah I see. Thanks
 
Quote from jo0477:

I like to run with the herd, much easier than running into it :D

I'm with LL - 5/15 for me with a splash of 60. Purely preference of course, if it aint broke...
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That's exactly my setup. Works for me.
 
The rangbars are unique to which instrument is traded...I trade Forex and some rangebars are 12 or 14 ...its whatever the EMA of the ATR is at...check it weekly



Quote from tenthousandmen:

What's your range on your bar chart? 2? 4?
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I rotate time frames to find the ones the the market is trading on during any given day. It's a pain but it definitely helps me find the more relevant frames at play that day.
 
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