BooDoo

Thanks a lot for sharing, randini. Please continue. 1. This should work well in a ranging market. How do you deal with (avoid) trends? 2. "10 range" - do you refer to any 10 tick move, say 10 ticks from last 5 min low, or round numbers like 13220, 13230...? 3. How do you deal with changing volatility? Some days DOW moves 50 pints, some 200 or more. I like your approach and am looking forward to further explanation of how it works for you. Maybe some chart examples. I am contrarian by nature and tried quite a few things like that... still not there yet. :crap: Hope I can learn from you. Thanks, Boo.

Hi Maelstrom, I find your thread is very interesting and useful. Thanks a lot for sharing. In regards to "chart and data problems" That may not apply to your charting package (ensign) but this is my experience with Ninja and I think it is how range bars work in general. As far as I understand this is a nature of range bar charting. A chart look depends on starting point of the chart, day/time or precisely price point from where your chart starts. Say, you have 3 days of data in your chart starting from Monday open and you look at Wednesday. When you reopen the chart next day, it starts from Tuesday open from a different level and when you look at the same Wednesday's data you can see that the highs and lows at certain points in time are still the same but closes (and candles themselves) may look different. Next candle starts where previous one ends, and if the first one starts from a different price level, you get the picture. The issue exists because standard range bars continue to new session flawlessly. I think NinjaTrader has range bars (as a custom type, have not tried yet) that start anew at the beginning of each session and respect gaps. So the charts are supposed to look the same. Cheers, Boo.