Range bars

just21 · Mar 15, 2006

Does anybody use range bars instead of normal time bars? What things should you watch for on range bar charts?

murray t turtle · Mar 15, 2006

Quote from just21:

Does anybody use range bars instead of normal time bars? What things should you watch for on range bar charts?

===========
Not sure what you mean exactly;
most all my candle carts, [many brands over time]
have range [hi/lo] available on each candle

Cheese · Mar 15, 2006

Quote from just21:
Does anybody use range bars instead of normal time bars?

Yes.

Schaefer · Mar 15, 2006

I'd be lost without it, but I only use it for short term direction only.

Happy trading

just21 · Mar 15, 2006

Do you use systems or indicators that were initially used with time bars or do you have to look for new ideas with them?

Schaefer · Mar 15, 2006

Quote from just21:

Do you use systems or indicators that were initially used with time bars or do you have to look for new ideas with them?

I'm not sure who you're asking, but I use it for a very short term entry/exit signals, so I shift my focus to pure price action trading, aka: naked trading

. As far as I could tell from my own experience, indicators are pretty much useless in short term trading. How short is short term really depends on the person's preference and interpretation of course.

Good luck

Charlie Dow · Mar 16, 2006

Quote from Schaefer:

I'd be lost without it, but I only use it for short term direction only.

Happy trading

My I ask how you use them?
Can you tell me the range of one of the Markets for tomorrow so I can see the breakouts?

just21 · Mar 21, 2006

For clarification a range chart plots a new bar when the set range has been exceeded. It does not plot a new bar every day or other set time period. Does anybody know any end of day software that plots them?

Cheese · Mar 22, 2006

Quote from just21:
.. a range chart plots a new bar when the set range has been exceeded. It does not plot a new bar every day or other set time period. ..

Correct.

FredBloggs · Mar 22, 2006

...so whats the benefit?

surely the idea of bars is to compare and see changing circumstances and conditions.

eg if a 30min bar covers $4, and the next 30 min bar covers $6 i can see volatility is increasing.

if each bar covers $4, but takes different lengths of time to form, i will be unaware of that time (more than likely) when looking back making my comparison.......

i must be missing something here.....

Range bars

Guest