Todd 

Mike, Thanks for sharing these charts. I've been looking at ZN on a (3 RangeNoGap) ... ...Thanks for sharing, Todd

Todd,
I also have Ninja but what's a "RangeNoGap" chart...

Do you see the open of the new candle at the same level as the close of the previous?

Kirk

Zeller,

The RangeNoGap is just a bar type that is somewhere on this forum. It's the same as range bar but there is no gap between the top of 1 bar and bottom of next higher bar. Actually, with the ModHA2 bars that I use there is no difference between in appearance between range and rangenogap.

Todd

Zeller,
The way the standard 4 range bar plots is different than a 4 RangeNoGap bar, so this will impact indicators and strategies. Put the two side by side and watch how they respond to live price action to get a sense of which you may prefer.
Good trading

Hi Zeller,

I confess, I posted the RangeNoGap bar chart.

NT's Range bar chart annoyed me. So I modified it slightly.

Their 4 tick range bars actually needs 5 ticks to form properly.

4 ticks plus the 1 tick gap.

I removed the gap.

If you want to do a side by side comparison, set NT's range bars to 4 ticks and NoGap to 5 ticks.

As far as indicators are concerned, I believe the only differences are seen on indicators that use bar "Open" series data.

I believe NT's Range Bar "Open' series is providing wrong data.

NT and I agree to disagree on this "Open" series data issue.

High, Low, and Close remain the same. ( that's nearly all indicators with no differences.)

RJay

Hi Mike

This thread touched home, as I've been playing with this concept. Two questions.

1. Where did the 10946,4181, and 2584 come from?

2. Do you see any value in having them multiples of each other like say 2500,7500, and 15000?

Thanks, Pete

Peter2150 

Hi Mike This thread touched home, as I've been playing with this concept. Two questions. 1. Where did the 10946,4181, and 2584 come from? 2. Do you see any value in having them multiples of each other like say 2500,7500, and 15000? Thanks, Pete

Hi Pete

The 2584, 4181, and 10946 are fibonacci numbers. Check out this list:

Fibonacci Numbers List Here is a short list of Fibonacci numbers. I'm always looking for this, so I wanted to post it here. This is a blatant rip from The first 300 Fibonacci numbers, factored Every Fibonacci number bigger than 1 [except F(6)=8 and F(12)=144] has at …

Yes your approach of having multiples would be fine as well, the idea is to simply be able to see the big picture (entire day), the medium picture (reversals in trend) and the small picture (entries).

Mike

Big Mike 

Hi Pete The 2584, 4181, and 10946 are fibonacci numbers. Check out this list: Fibonacci Numbers List Here is a short list of Fibonacci numbers. I'm always looking for this, so I wanted to post it here. This is a blatant rip from The first 300 Fibonacci numbers, factored Every Fibonacci number bigger than 1 [except F(6)=8 and F(12)=144] has at … Yes your approach of having multiples would be fine as well, the idea is to simply be able to see the big picture (entire day), the medium picture (reversals in trend) and the small picture (entries). Mike

Thanks Mike

Big Duh. 8,13,21,34,and 55, and I'd have known immediately, but the big boy's, never dawned on me.

Pete

This video in the download section touches on this subject again. Check it out if interested:

Downloads - Educational - nexusfi.com (formerly BMT) Video: June 26 2009 - Big Mike Trading Forum

Mike

Mike, I know you trade a bit different now but does that negate this way of looking at things. Is this thread and style still applicable or did you stop using it because it stopped working?
Thanks!

Big Mike 

Big chart Size: 10946 volume. Purpose: Big picture trend. Medium chart Size: 4181 volume. Purpose: Identify reversals. Small chart Size: 2584 volume, or 3/4 range. (subjective) Purpose: Timing your entry.

Very interest ideas.
How Y calculated size?
Why 10946, 4181, 2584 ?