Diesel 10 Posted March 15, 2011 Report Share Posted March 15, 2011 (edited) I'd like to have a discussion on trading RANGE BAR charts. There are some unique features of them. First, they are not time based. Depending on the size of the range, it can take milliseconds up to days for a bar to form. Secondly except for the last bar of the trading session, the bar will always close on the high or low and open the next bar at least 1 tick/pip past the previous bar's high or low. Another interesting feature is that the size of the range can be optimized for the market to account for volatility and trading objectives...  I have just recently started using them and have found much less clutter/congestion and because of this support/resistance is clearly defined. Also, the indicators seem to work better with more reliable signals! Also, trend lines work well with range bar charts. Please share your ideas on this excellent charting method. Edited March 15, 2011 by Diesel 10 Quote Link to comment Share on other sites More sharing options...
FrankM Posted March 15, 2011 Report Share Posted March 15, 2011 Hi Diesel 10 , I have also started to trade with the Range Bars... I'm still getting getting the hang of them. It's getting the right settings for the pairs is the tricky and where I'm getting confused a bit.. testing to find what works best, and with which pair. It's much smoother I find... less whipsaw.. it's still early days yet though, would like also to hear from othe traders regarding range bars trading. Regards, FrankM Quote Link to comment Share on other sites More sharing options...
soundfx Posted March 15, 2011 Report Share Posted March 15, 2011 Hi Guys, I remember Eggzactly posting a system called Pacman some time ago which used constant range bars, though I can't find the thread any more.  Here's some of the thread which I saved and the indicators: http://www.multiupload.com/OQGVKEJUXT polux2 1 Quote Link to comment Share on other sites More sharing options...
shabz Posted March 15, 2011 Report Share Posted March 15, 2011 Try setting the range bars at 8 & 15 pip ranges side by side. Using the 15 pip range for trend information & trading on the 8 pip chart. The normal indicators will look a lot smoother as during the quieter periods there will be few candles. Quote Link to comment Share on other sites More sharing options...
FrankM Posted March 15, 2011 Report Share Posted March 15, 2011 Thanks Shabz, I'll try those ranges out and see how we get along.. :-) Quote Link to comment Share on other sites More sharing options...
apresau Posted March 17, 2011 Report Share Posted March 17, 2011 A crowd called Nova Code has released a range bar script, a couple of strategies and a webinar (be quick to register) http://novacodetrader.com/s/novachart-2/ Script seems to work fine. And the price is right. Quote Link to comment Share on other sites More sharing options...
iqofgenius Posted March 17, 2011 Report Share Posted March 17, 2011 Not to butt in gentlemen, but make clear whether you are talking about Renko bars or Constant Range bars. The strategy is somewhat different. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted March 18, 2011 Author Report Share Posted March 18, 2011 I am referring to Constant Range Bars. Quote Link to comment Share on other sites More sharing options...
e24 Posted March 18, 2011 Report Share Posted March 18, 2011 The Nova Code range bar script is for free, they have also been teaching other trading stratagies for free. Quote Link to comment Share on other sites More sharing options...
nab Posted March 18, 2011 Report Share Posted March 18, 2011 range bars The range bars are indeed very interesting and i also working on them till now i have found the TCCI indicatro working great on it ... But dont know how to filter some of the false trades Quote Link to comment Share on other sites More sharing options...
vinnie Posted March 23, 2011 Report Share Posted March 23, 2011 Hello To everybody! I saw the "webminar" Why they think that the other people are fools??? Nothing special, normal video and even they cut the speech not in the time, when they change the voices. They are not crazy that they gave this price, the fool will be the man that will buy...  I want to help for the discussion. here are the videos in YouTube, for all this 3 methods: Momentum detecting Software Part 1 http://www.youtube.com/watch?v=HWtCTehdv20&feature=related Part 2 http://www.youtube.com/watch?v=27rEFd8rgAg&feature=related Range Bar Part 1 http://www.youtube.com/watch?v=6aYK8XHqeQ4&feature=related Part 2 http://www.youtube.com/watch?v=Twe-1SAE9dA&feature=related Fibo Part 1 http://www.youtube.com/watch?v=pY2LUfRzaTg&feature=related Part 2 http://www.youtube.com/watch?v=klBd11qrN4A&feature=related here is the form Link http://novacodetrader.com/go/ I don't recommend to buy it, they are stealers, they want 2000$, what is there for this money??? The same voice that did all sales videos... fxshare and Keithp 2 Quote Link to comment Share on other sites More sharing options...
josephR Posted March 24, 2011 Report Share Posted March 24, 2011 The Dog & Pony Show! Folks, serious crook alert! Seems like pure marketing with professional voice disguised as a professional trader! Don't fork over any money until you are sure of the value you will be getting. I am sorry I cannot substantiate the feelings I got from the dog and pony show, so just a warning! JosephR Quote Link to comment Share on other sites More sharing options...
dkrock Posted December 26, 2011 Report Share Posted December 26, 2011 Do any of you still trade range bars? Quote Link to comment Share on other sites More sharing options...
peglegtrading Posted December 31, 2011 Report Share Posted December 31, 2011 I've been trading crb's since 2009. The settings are not such a complicated idea as some make it seem. I switch between 10-20 pips for the main pairs. For gold I usually work with between 175-250 ticks. Basically any momentum or support and resistance strategy which works on time based bars will work even better on crb's. The reason is simple as I documented on my blog a few months ago, you can control your stops much better: http://meantrade.blogspot.com/2011/11/meantrades-ohlc-deeper-understanding.html Good luck in your trading and remember, no system is better than another on it's own, it requires your own management of it that determines if it works or not. Quote Link to comment Share on other sites More sharing options...
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