Scalping the ER2 with one indicator

Lorenzo

I have not used range charts but do trade the ER.

You are using 4 ticks per bar, which seems to negate the whole purpose of range bars? How about increasing that to 10 to 15 ticks? (1 to 1.5 points) This would cut out all the noise and allow you to stay with a trend. Could you post some charts with these ranges for us to compare. Thanks
 
Lorenzo - interesting thread and screenshots on the ER2. Have you tried this on the ES and NQ? Just curious how that would look there since the ES is not as 'jumpy' as the ER2.

If you could and have the time, I wouldn't mind seeing this same premise on the ES, NQ and EC for comparison purposes.

Thanks for sharing!
 
Quote from 5Pillars:

Some of those bars appear to be more than 4 ticks? Was up dude?
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You know dude (..maybe)...when there is a spike... all charting softwares are not able to fix the range...but normally the range is reliable

not so constructive these replies....

here's 10 ticks Price Range Bars chart
 

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What parameters are you using for AMA. It appears Sierra Charts allows only the length to be varied. Do you know what the defaults are for fast and slow lengths in the AMA calculation?
 
Price Driven Periodicities - Range Bars, Change Bars

Price driven periodicities are those in which each bar is composed of the price action that occurred during a given movement in price. That price movement can be expressed as a given high low range (Range Bars) or a given change from open to close (Change Bars). In these periodicities, the volume and time of each bar can vary greatly, while the price movement of each bar is kept essentially constant.

Range Bars are price-driven bars, with each bar having a required minimum high-low range. Once the range requirement is reached, the first tick to break outside that range will begin a new bar (and become the opening price of that new bar).
 
Quote from brownsfan019:

Lorenzo - interesting thread and screenshots on the ER2. Have you tried this on the ES and NQ? Just curious how that would look there since the ES is not as 'jumpy' as the ER2.

If you could and have the time, I wouldn't mind seeing this same premise on the ES, NQ and EC for comparison purposes.

Thanks for sharing!
More...

Not bad at all, but the ER2 is the most reactive market as you said
 

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Quote from topstep:

What parameters are you using for AMA. It appears Sierra Charts allows only the length to be varied. Do you know what the defaults are for fast and slow lengths in the AMA calculation?
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It is not a classic AMA

I would say that it's similar to the Jurik MA

http://www.jurikres.com/
 
Quote from Lorenzo:

You know dude (..maybe)...when there is a spike... all charting softwares are not able to fix the range...but normally the range is reliable

not so constructive these replies....

here's 10 ticks Price Range Bars chart
More...


That was a joke.....you know....having some fun. :)
 
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