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Old 10-14-2007, 02:04 AM   #1

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What chart to use for price movement in this way?

If I want a chart to see price movement say for example in the mini Russell. The opening is 842.0 and I would like somthing to chart everytime there is a
.8 move to say for example 842.8 as an upward move and represent it as a blue bar. or if it goes down .8 to 841.2 then it would be represented as a red bar on a chart. What kind of chart could I use to visually represent this type of price movement in some way? Any help would be appreciated.
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Old 10-14-2007, 10:02 AM   #2

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Re: What chart to use for price movement in this way?

You would want to use a "Range" chart. Here is an example. Each candle will have a max 8 tick range (0.80 dollar value) and when a candle prints a tick above or below the range, a new candle will draw.

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Old 10-14-2007, 12:16 PM   #3

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Re: What chart to use for price movement in this way?

Thank you much TinGull.
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Old 10-15-2007, 12:18 PM   #4

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Re: What chart to use for price movement in this way?

I have trade navigator and I found out their programming does not let you print volume bars or candles by Ticks. They only allow for time. Is this normal for a trading software to not have this feature? Thanks..
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Old 10-15-2007, 12:27 PM   #5

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Re: What chart to use for price movement in this way?

Quote:
Originally Posted by Sunnyside »
I have trade navigator and I found out their programming does not let you print volume bars or candles by Ticks. They only allow for time. Is this normal for a trading software to not have this feature? Thanks..
thats more of a trading soft so it has very basic charting... cheers
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Old 10-15-2007, 12:29 PM   #6

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Re: What chart to use for price movement in this way?

Multicharts has this ability as well.
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Old 10-23-2007, 07:28 PM   #7

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Re: What chart to use for price movement in this way?

Thanks for all the replys.
What is a multi chart? Do you have a picture? I am looking into Ninja trader as a possible solution, but the Zen-Fire tech support say my DSL modem will not let thier super fast price qoutes through due to my firewall. I have never had any issues with my current broker. I also had the firewall turned off. What gives. It seems like a simple thing but it has ended up being very complicated so far. I would like to find a chart feed service and software to get going on this. I also ask tech support from two different companies to set me up with a range chart and they said they never heard of it. Oh well, tommorrow is another day.
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Old 11-10-2007, 06:46 AM   #8

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Re: What chart to use for price movement in this way?

Ninja Trader will support Range Bar charts with the new version 6.5, it's still a beta version though so could be a few more weeks before it's released.
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