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One more potential customer who would like Range Bars (also called
"Constant Range Bars"). Today's intraday look at ER2 (Russell 2000
futures) in time-bars (2 min), tick (< 50 ticks, depends on the data
source), and range bars (0.8 or so points per bar) show the
differences fairly well. When the day starts, time and tick-based
charts are making big bars up, down, up. Later, when the volume dries
up, and the range squeezes, both time and tick charts go flat.
Through this all, constant range bar charts are making decent looking
patterns. Many indicators are smoothed when applied to range bar
charts, such as bands and oscillators.
I've just looked at AmiBroker a few days, and like a lot of what I
see, but I'm not sure I can give up range bar charts.
- Bill
--- In amibroker@xxxxxxxxxxxxxxx, "dclayw" <dclayw@xxx> wrote:
>
> I too am very keen to see Range Bars implemented in Amibroker. There
> has already been a couple of suggestions opened in the the AmiBroker
> Feedback Centre about this, (see #284 and #201). Range Bars, in my
> view, are THE best way to eliminate noise in any market.
>
> As an example of what Range Bars actually are, have a look at their
> implementation in Fibonacci Trader in this link:
>
> http://www.fibonaccitrader.com/HELP40/Range%20Bar/default.htm
>
> Note that Range Bars are independent of time, the bar only closes
> when the range has completed. Note also that (by definition) Range
> Bars are all the same length, and properly implemented Range Bars do
> not have any gaps.
>
> Now there is no way I am going to use Fibonacci Trader over
> Amibroker. Fibonacci Trader is about 5 or 6 times more expensive and
> overall does not come close to AmiBroker in terms of ease of use and
> functionality. Everyone has their own view as to what extra
> functionality they would like to see added to certain software but I
> believe many people would find Range Bars extremely useful.
>
> Has anyone had a go at implementing Range Bars in Amibroker. I'm not
> even sure it would be possble. Anyway, I think the best way would to
> have them built into the Amibroker s/w.
>
> Dave
>
> --- In amibroker@xxxxxxxxxxxxxxx, "gnader_2000" <zepplin@> wrote:
> >
> > Hi Thomas,
> >
> > I'm looking to plot a price bar once the range that I have defined
> is
> > completet. For example if I specify 5 points as the range, then
> once
> > price has complete that 5 point range and close above or below it
> then
> > a new bar would be plotted.
> >
> > Thanks for the help in advance,
> >
> > George
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Thomas Z." <tzg@> wrote:
> > >
> > > Hello George,
> > >
> > > what type of range bars do you mean ?
> > > simple inside bars ?
> > >
> > > Regards
> > >
> > > - - - - - - - - - - - - - - - - - - - -
> > > Thomas
> > > www.tradingbasis.com
> > > support@
> > > - - - - - - - - - - - - - - - - - - - -
> > >
> > >
> > >
> > > -----Original Message-----
> > > From: amibroker@xxxxxxxxxxxxxxx
> [mailto:amibroker@xxxxxxxxxxxxxxx]
> > On Behalf
> > > Of gnader_2000
> > > Sent: Friday, May 05, 2006 1:06 AM
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Subject: [amibroker] Range Bars
> > >
> > > Anyone know how to create range bars in AB?
> > >
> > > Thanks in advance,
> > >
> > > George
> > >
> > >
> > >
> > >
> > >
> > >
> > > Please note that this group is for discussion between users only.
> > >
> > > To get support from AmiBroker please send an e-mail directly to
> > > SUPPORT {at} amibroker.com
> > >
> > > For other support material please check also:
> > > http://www.amibroker.com/support.html
> > >
> > >
> > > Yahoo! Groups Links
> > >
> >
>
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