Hello everyone, this Is my first post here, glad was able to find this place.

My question is about this video where Big mike goes through a chart.

Link-- > (has been disabled for me since i'm a new member) {blog post Saturday, May 1, 2010, Titled Example/Tutorial of real-time Price Action Trading }

The bar sizes all seem to be of similar size. He mentions something about 6point range. I'm guessing there isnt a time-stamp of the bars but a "range stamp" of 6-points. If this is the case what kind of chart is this called?

I think I ran across a thread somewhere else which called this CRB (constant range bars).

If i'm completely offtrack, well so much for first impressions

MJ-

Hi musicjunkie and welcome,

Yes you get many different bar types, not just minute bars. You get bars that are based on time, price or volume (and some even more exotic creations). The type you seem to be referring to are range bars as you mentioned. Here is an article which should aid in your understanding of range bars: Range Bar Charts: A Different View Of The Markets

Thank you Dark pool for replying and follwing up with a link and also the courtesy of moving my thread to a more relavant discussions category.

I have Amibroker and it seems that the range bar option in it doesnt work, I set it to 1,000 ticks on a instrument trading at Rs(rupees) 6,000 and each bar has a range it fancies. Sometimes a range is 12 or times is 30. I think there is something wrong with the way Amibroker calculates it

Anyone happen to use Amibroker with constant range bars?

MJ-

Well I think I've found out why this was happening. We need tick data, which I don't use since i trade slightly higher time-frames.

Thank you, even if it was for acting like a soundboard.

MJ-

musicjunkie 

Well I think I've found out why this was happening. We need tick data, which I don't use since i trade slightly higher time-frames. Thank you, even if it was for acting like a soundboard. MJ-

Cool, sounds like you've figured it out. Im not familiar with AmiBroker but you mentioned you set the bar types to 1000tick. Keep in mind that there is a difference between a range bar type and tick bar type. A tick bar type counts the number of trades that happen and moves to the next bar when the defined number of trades (ticks) have occured. Therefore the size of the bar will vary. A range bar on the other hand could have any number of trades (ticks) within it and will only move to the next bar when the defined range has been reached/exceeded.