on the TOS platform the range bar settings are in $,05 $,10 and so forth how does that compare to a 3 range bar or 6 range bar etc..Gary uses a 6 raange bar so I am trying to figure that out and have never usedrange bars before. Thanks

@Hguru,

Just ignore the dollar sign '$', so a 6-range ES chart would be $0.60 ES chart on TOS..

Fortiwinks,

Thanks how about crude and how do i figure the range's out 1,2,3,4,5,6, and so forth is it standard for whatever you are trading.

Hguru

Hguru,

You have to check what is the smallest tick for the instrument, then multiply it by the range that you want. For example, I just checked that smallest tick for CL is 0.01. So a 6 range CL chart would be $0.06 chart on TOS (0.01x6)..

Me prefer 4 range chart for TF and the smallest tick for TF is 0.1, so it'll be $0.40 chart on TOS (0.1x4)..

Hope this helps..

Fortiwinks,

That really helps. Now I understand itand it makes sense.

Thanks a Ton

Hguru

So a 4-range bar on NT is the same as a 4-range bar on TOS.

Is this correct?

Not exactly.

On TOS, you have to tell it how much money you want each bar to represent.

So 4 ticks of ES would be $1 range bars on TOS.

Also be aware that the longer the timeframe of the chart the more TOS range bars will differ from true range bars.

fourtiwinks 

@Hguru, Just ignore the dollar sign '$', so a 6-range ES chart would be $0.60 ES chart on TOS..

@Hobinator is right.

Very sorry, I made a mistake in my earlier post. I checked it on TOS before making that post, but I forgot that the minimum tick size for ES is 0.25, not 0.1. Hence, a 6-range ES chart should be $1.50 ES chart on TOS (0.25 tick x 6)..

It is way more difficult on TOS than other software packages that are actually "aware" of tick size.