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Author Topic: Range charts as %  (Read 365 times)
johnnypacheco
New Member
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Posts: 11


« 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
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Posts: 31



« Reply #1 on: October 27, 2009, 07:36:45 AM »

I would like to have range charts as a settable percentage range.
Percentage of what??
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johnnypacheco
New Member
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Posts: 11


« 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
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Posts: 11


« 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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