Bar size reset

[zikonc]

Hi...I just downloaded NT7.15 and noticed that a range chart resets bar size at the start of a new session.......can I prevent the chart/program from doing this?......thanks

[NinjaTrader_Bertrand]

zikonc, yes for example you could create a session template for the range chart with one weekly session spanning from Mon to Fri, or Sun evening to Fri PM whatever you prefer. Then create the Range with the template selected.

[zikonc]

Thanks, but using your method the maximum I can go without resetting the bars will be 7 days ...... I want to be able to open a range chart with 20 days of data (for example) and have no bar resets in that time period ..... so, I tried creating an empty session template without start and end day/time values but it looks like the program defaults to nightly resets..........

do you have another suggestion how to create a chart so that it starts creating bars from "days to load" data value and bars remain unmodified by some other setting within this time period??

thanks

[NinjaTrader_JoshP]

zikonc,

Unfortunately there is no way around that. This is currently the way the charts will be built. Reason it is done this way is because it keeps your charts independent of historical data and consistent regardless of the day you load the chart on. If we did not do it this way then you would literally have different looking charts every single day.

-5/5 when you use 20 days back that would be a range bar with those 20 days.
-5/6 when you use 20 days back, the 20 days back being used would be different than the 20 days used on 5/5. That means the 5/5 chart you are looking at on 5/6 is actually different than the 5/5 chart you looked at on 5/5.

Signals you saw on 5/5 would not be the same signals you saw on 5/6.

[zikonc]

I am obviously not able to give you pointers on how to trade but I hope you make your trading decisions on "closed-bar" not "bar-in-progress" ..... what your approach is saying is something along the line of "we are done for today (or time/date of your choosing), we start fresh soon after" ...... hmmm, not in today's market trading 24/7/365 ...... you may have had more luck with this approach in 70s or 80s

in essence, your approach is introducing an additional time variable that non-time based charts are looking to eliminate and if this is how you view the market than I can try to understand it ...... but not everyone would agree with your approach so I hope that you would give others a choice how to view the market with their own eyes ....... you/others can take the example below for what is worth and proceed with your trading accordingly

[NinjaTrader_JoshP]

zikonc,

Thank you for the feedback. So to clarify you find it more acceptable that opening a 20 day chart today yields a different chart than the chart you were looking at yesterday because of different historical data?

[zikonc]

Hi Josh, the only accurate analysis for EUR/USD market data should start with the data from 1 January 1999 when EUR was first introduced, but obviously this is not practical to do ..... this approach becomes even more impractical for S&P and other instruments where data extends far beyond Jan/1999

so now we are left with the second best approach, which is a data pattern approximation ............ when one chooses to open a chart with say 20 days look back period he/she has effectively chosen to incorporate an error in the chart that is associated with the analysis of a partial data set, in this example 20-day data set ..... one hopes that an accurate representation of true data will eventually converge out of sample data if he/she chooses large enough sample ...... that is, if one is trading absolute market ........ since most of us are trading relative market, perhaps 20-day look back period is the true data for period that someone is looking to trade ......

with your current chart design approach which uses a session manager to mandate time period used for data analysis you are imposing a time period of not more than 7 days where one must spot a trade emerging, then execute it and at the end hope to have enough time to complete the trade before data resets itself .... using this chart design may be acceptable to very short term traders but it may confuse other traders ...... perhaps a simple solution to your current template design is to add a month and year value next to the time and day values or simply give user a choice whether or not to use session template to create the chart .......

[NinjaTrader_Bertrand]

zikonc, thanks for the detailed feedback and insight, I can understand it well if taken from a non scalpers (whatever that exactly is nowadays) viewpoint...