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NinjaTrader
Some Range Bars have zero volume
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This is possible and accurate.
The reason is that range bars are built when a price trades outside of a range. If you have a range set for 4 ticks, and the current trade is 9 ticks away from the last trade, we would put in 2 synthetic bars (that have no volume) to represent the 8 ticks (2 full bars) of range that just gapped.
This is the correct approach for range bars.RayNinjaTrader Customer Service
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Phantom Bars
These are also referred to as "phantom bars" in that they appear to represent the traded price but they really don't. Keep in mind while backtesting range bars that should your indicator or setup trigger a trade in the midst of several of these phantom bars, there will be no underlying volume to fill your order and you will get unrealistic performance results for that trade.
I have found range bars most useful when applied to forex markets to allow more bar closing evaluation points than when the price action can breakout suddenly and all within a single 30 minute bar, for example.
Regards,
Whitmark
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