[walterw]

I am looking at mkp work with range bars, and I am experimenting a little bit with them... seems like it makes a much cleaner chart...

Would like to hear what experience do other fellow traders have with range bars, thought they are not that much popular, they seem to work pretty well... thanks Walter.

[GCB]

Unfortunately tradestation does not supply range bars. I wish they did. One of the trading magazines had an article about them recently and they seem very straightforward. They are probably really good for level type trading like your flip trades, walter.

Alas...

[walterw]

Originally Posted by GCB »

Unfortunately tradestation does not supply range bars. I wish they did. One of the trading magazines had an article about them recently and they seem very straightforward. They are probably really good for level type trading like your flip trades, walter.

Alas...

Thanks for response GCB, so far the experience with this type of bars has been quite well... cheers Walter.

[tony1d]

I am playing around with them right now. I have Sierra and its easy to change them around. so far i have been playing with 1.0 R on the ES, 1.0 on the Er and 10 R on the Ym. the charts are amazingly clean and you can clearly see Supp/Res lines and other patterns jump out at you, almost too clearly. I have backtested all three and the ES seemed to work the best but i didnt extensively go back, that will take a while. tomorrow i may open up a 1.0R es chart with my studies alongside my regular chart and SIm the range chart. I'll keep you posted on what i'm finding if you'd like.

Tony

[walterw]

Originally Posted by tony1d »

I am playing around with them right now. I have Sierra and its easy to change them around. so far i have been playing with 1.0 R on the ES, 1.0 on the Er and 10 R on the Ym. the charts are amazingly clean and you can clearly see Supp/Res lines and other patterns jump out at you, almost too clearly. I have backtested all three and the ES seemed to work the best but i didnt extensively go back, that will take a while. tomorrow i may open up a 1.0R es chart with my studies alongside my regular chart and SIm the range chart. I'll keep you posted on what i'm finding if you'd like.

Tony

Nice Tony, we will follow your posts.... cheers Walter.

[notouch]

When you say mkp do you mean Market Profile? "True" MP can only use the 30 minute TPOs, not range bars or any other bars. I tried MarketDelta with range bars and didn't like them. All I saw was a lot of noise so I found it difficult to identify new trends early as I can with time-based candlesticks.

[Blu-Ray]

Originally Posted by notouch »

When you say mkp do you mean Market Profile? "True" MP can only use the 30 minute TPOs, not range bars or any other bars. I tried MarketDelta with range bars and didn't like them. All I saw was a lot of noise so I found it difficult to identify new trends early as I can with time-based candlesticks.

I think he means mkp as in the member mkp14 that posts here.

Cheers....Blu-Ray

[waveslider]

Tony- please post a chart, thanks