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[amibroker] Re: How to make Range Bars


  • Date: Sun, 20 Dec 2009 06:04:23 -0000
  • From: "kevinoversby" <kevinoversby@xxxxxxxxx>
  • Subject: [amibroker] Re: How to make Range Bars

PureBytes Links

Trading Reference Links

In theory you type

TimeFrameMode( 3 ); // turn on range bars
TimeFrameSet( 1 ); // range in tick size

but I wasn't able to successfully plot my 15 second ES database in 1-4 tick range bars.  Let me know how you get on.

Kevin


--- In amibroker@xxxxxxxxxxxxxxx, "Neil Wrightson" <neilw@xxx> wrote:
>
> Hi,
>  
> I was watching a web presentation the other day and the speaker mentioned
> using range bars. These are apparently available in TradeStation.
> If the setting is set for 4 points, than whilst ever the data is within a
> four point range it will stay on the same bar.
> I.e. if the market is bouncing between 4000..4004 then a new bar will not be
> generated, no matter how much time has passed.
> When the price moves to 4004.5, a new bar will be started and whilst the
> price stays within 4 points of 4004.5 it will stay on this bar.
> This also means that every bar is 4 points in height.
>  
> So there is my question.
> How do I make range bars in Amibroker?
>  
> 
> Regards, 
> 
> Neil Wrightson.
>




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