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Range charts as %
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Topic: Range charts as % (Read 365 times)
johnnypacheco
New Member
Posts: 11
Range charts as %
«
on:
October 25, 2009, 07:56:14 PM »
I would like to have range charts as a settable percentage range. That way we wouldn't have to custom set every chart.
I would also like to see range charts back as historical charts. Renko charts are not the same.
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william
Trader
Posts: 31
Re: Range charts as %
«
Reply #1 on:
October 27, 2009, 07:36:45 AM »
Quote from: johnnypacheco on October 25, 2009, 07:56:14 PM
I would like to have range charts as a settable percentage range.
Percentage of what??
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johnnypacheco
New Member
Posts: 11
Re: Range charts as %
«
Reply #2 on:
October 27, 2009, 01:31:09 PM »
Percentage of bar open or previous bar close.
Say for example you want a 5% range and the bar opens at 100. Then price falls more than 5 to 94.99and triggers a new bar. The range for the new bar would be 5% of 95 or 4.75
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johnnypacheco
New Member
Posts: 11
Re: Range charts as %
«
Reply #3 on:
October 27, 2009, 01:53:47 PM »
actually it's more complicated than this now that I think about it more.
It needs to be a percentage of current price in relation to bar low and bar high. The upside would have a bigger range than the downside.
A bar with a low of 95 would trigger a new bar at 100.01. A bar with a high of 95 would trigger a new bar at 90.24.
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