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Re: [amibroker] Attn: Stefan F (Was: Heads up with XP SP-2 and Metastock Downloader)



PureBytes Links

Trading Reference Links

I want to have constant range bars like are described below:  does 
anyone know how to do it?  eSignal and ensignsoftware charts can do 
it but I want to do it in Amibroker.  Also, eSignal can do renko 
bars, does anyone know how to do that in AB?

Thanks


http://ensignsoftware.com/tips/tradingtips49.htm

Two articles in the Stocks, Futures & Options magazine 
(www.sfomag.com) introduced a new charting concept.  The first 
article was 'Paradigm Shift Lights the Way to Momentum Bars' by 
Desmond MacRae, SFO Feb 2003.  The follow-up article was 'Momentum 
Bars: The Sequel ...' by Desmond MacRae, SFO Apr 2003.  These 
articles describe a charting concept developed by Danton Long called 
Momentum Bars.

Momentum Bars are basically constant range bars.  The bars look like 
standard chart bars with an open, high, low, close and volume.   The 
high-low range of each bar is constant.  A new bar does not start 
until a price tick is received that would exceed the fixed range of 
the current bar.   Momentum Bar charts have the following 
characteristics: 

Each bar is the same height because the range is constant. 
The close of a bar is always at the high or low of the bar. 
The open of a bar is always one tick below or above the close of the 
preceding bar. 
The time period covered by each bar varies. 
All gaps are filled with inserted 'phantom' bars. 




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