Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

nab999

Range Bars Indi

Recommended Posts

Hi All,

 

I am using TS 8.6, with IQ feed running through Owndata 2.7.

 

With this setup I am not able to construct Range Bars as a price plot ( i.e. range = 10 ticks).

 

Does anyone know where I can get code that will construct a Range Bar indicator if i run tick data as data1 ( i.e. 1 bar = range of 10 ticks )

 

Many thanks.

Share this post


Link to post
Share on other sites

nab999

 

I think you'll need to open quote manager for Owndata and then edit your symbol and adjust the price scale accordingly.

 

This happened to me in the past when using Inifinity data through MultiCharts...... so just thought it might be the same problem...... worth a go.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites
Hi All,

 

I am using TS 8.6, with IQ feed running through Owndata 2.7.

 

With this setup I am not able to construct Range Bars as a price plot ( i.e. range = 10 ticks).

 

Does anyone know where I can get code that will construct a Range Bar indicator if i run tick data as data1 ( i.e. 1 bar = range of 10 ticks )

 

Many thanks.

 

 

Strangely, when TS implemented the Range Bar it called it MOMENTUM. Range is something else again. Why don;t you just us the TS feed and use their Momentum bar if that is what you want? (I must be missing something here)

Share this post


Link to post
Share on other sites

Hi, no it will not plot momentum bars either.

 

I have tried every possible combination with the datafeed and ts settings blue ray, but they still will not plot.

 

If anyone could point me in the direction of an indi that will construct range bars I would be most gratefull

Share this post


Link to post
Share on other sites
Hi, no it will not plot momentum bars either.

 

I have tried every possible combination with the datafeed and ts settings blue ray, but they still will not plot.

 

If anyone could point me in the direction of an indi that will construct range bars I would be most gratefull

 

Can you post a screenshot of your settings and also one of your chart to show what it's plotting please.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Hi Blue Ray,

 

I got a reply from the company that provide owndata, at last.

 

They say that owndata2 does not support range bars Etc for TS.

 

Hopefully someone will know of an indicator that I can use to create range bars indicator from tick data.

 

Many thanks for your help.

Share this post


Link to post
Share on other sites
Hi Blue Ray,

 

I got a reply from the company that provide owndata, at last.

 

They say that owndata2 does not support range bars Etc for TS.

 

Hopefully someone will know of an indicator that I can use to create range bars indicator from tick data.

 

Many thanks for your help.

 

do you need this for discretionair trading and therefore actually want to see the rangebars

as chart or is your intention to build an system on the rangebars ?

a while ago i was working on a litle project which

required rangebars to eliminate the time fractor and it had to do be done in ts2000i, what i did is i created my own

"virtual" rangebars stored inside arrays by calculating the moves which price made

Share this post


Link to post
Share on other sites

Hi,

 

I am looking to use them for a system.

 

Being able to see them plotted would be a bonus.

 

Do you think it would be possible to use your virtual range bars project with TS 8.6 ?

 

Many thanks.

Share this post


Link to post
Share on other sites
Hi,

 

I am looking to use them for a system.

 

Being able to see them plotted would be a bonus.

 

Do you think it would be possible to use your virtual range bars project with TS 8.6 ?

 

Many thanks.

 

 

Nab, i am not sure how familiar yo are with EL but creating virtual range bars from ticks

shouldnt be to hard.

why dont you give it a try, i will assist.a rangebar is nothing more then a bar with a

pre-defined range from high to low where the close is allways either the high of the

bar or the low of the bar.

it maybe not perfect and can not be used for very narrow ranges but im sure it can be done.

give it a try and let me know how far you come,

while you said you are willing to implement this in a system i assume you have some

EL knowledge

Share this post


Link to post
Share on other sites

Hi,

 

My easy language coding is very very limited. I can do the basics, like add buy sell conditions to a function, but i simply would not even know where to start in order to create this.

 

Many thanks.

Share this post


Link to post
Share on other sites
Hi,

 

My easy language coding is very very limited. I can do the basics, like add buy sell conditions to a function, but i simply would not even know where to start in order to create this.

 

Many thanks.

 

i could put something together but note they will be "virtual" range-bars, not suitable

for viewing purposes.without any anhanced knowledge of el i am not sure if you could

do something with this information as it will need some "fantasy".one could make a

plotpaintbar statement in order to show them but because your price-data is running in a

time-based chart it will look rather stupid.all you need is a input to determine the range

you are willing to use and 4 arrays to store the ohlc values of the rangebars.

once that is done one could call up the values and make simple statements like in

any other timebased chart like

If XClose[1] > XHigh[2] Then

where XClose[1] would be the close of last closed rangebar and XHigh[2] the high of second last closed rangebar; from there you would have a basic to go on.

Share this post


Link to post
Share on other sites
one can use heiken bars as an alternative

 

unfortunally they are just as vulnerable to timefactor as any other timeframe based candlestick, ha is simply another way of smoothing which

is seen by many as finding "the perfect" candle within a given time. the idea of rangebars is to eleminate

time from price which ha is not able to do.one can not trade time only price therefore the best way to smooth volatility is eleminate time

Share this post


Link to post
Share on other sites

I know this is not the ideal solution since you've already purchased TS & Owndata, but why don't you give MultiCharts a try, they're offering a free 30 day trial.

 

That way, you can have a look at range bars and even play about with easy language strategies and go from there.

 

Just a thought .......

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

mmillar had coded CRB in EL prior to TS's implementation. You are still left with problematic realtime reloading of your third party data. Therefore Blueray's suggestion of using MC is probably a better one.

Posted - 12/08/2005 12:54:31

Constant Range Bar (CRB) Charts

(aka range, universal, change, Kase, Momentum, Nicolellis)

https://www.tradestation.com/Discussions/Topic.aspx?Result=1&Topic_ID=46396

Share this post


Link to post
Share on other sites
mmillar had coded CRB in EL prior to TS's implementation. You are still left with problematic realtime reloading of your third party data. Therefore Blueray's suggestion of using MC is probably a better one.

Posted - 12/08/2005 12:54:31

Constant Range Bar (CRB) Charts

(aka range, universal, change, Kase, Momentum, Nicolellis)

https://www.tradestation.com/Discussions/Topic.aspx?Result=1&Topic_ID=46396

 

i do not have acces to that page, i am aware this is not ideal but i know it can be done

because i allready have.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.