range vs minutes timeframe

[microsat2]

anyone use range timeframe? how to find an equivalent range time frame for a given 60 minutes time frame?

 

For example, for a H1 timeframe ES-mini, what is its equivalent range chart?

for a H4 timeframe ES-mini, what is its equivalent range chart?

for a daily timeframe ES-mini, what is its equivalent range chart?

 

How to calculate this?

 

Thank you.

[⭐ klhk]

AFAIK, range does not have time concept. whenever there's a jump outside the defined range, another bar builds. if range size is within the time-bar size, i guess there's no faithful tranformation.

[orfila]

In the flux package there is a bar timer function that averages the bar time for x number of days, I use that to set the renko or range bars to some time setting ...

[Infonut]

Isn't the whole idea of using range bars to take time out of the equation?

[Tostao]

the simplest way is to use Average True Range (ATR) of a specified period. Eg 60 min - ATR(14) , its gives an approximation of the average range of the bars in this period.

 

Likewise, to use range or Renko will give you a significant improvement in your trading.

 

regards,