range bars
Hi there,
---------------like it is now with range bars------------
4 tick Range bar is formed when a tick goes over or under the 4 tick range. So there will be no other candle if price is trading IN this 4 tick range.
For example, 1213.25 -> 1213.50 -> 1213,75 -> 1214.00 -> 1214,25 Now you have a candle range of 4 tick. A new candle will appear when price triggers 1213.00 or 1214.50
In other words:
A bar has a range of X, once X has been penetrated, then a new bar is formed. It can only be penetrated if the new tick is outside of the prior range.
-----------------------------------------------------
I would like to have another bar right AFTER it hits 1214.25 . So in other words, when the fourth tick is in place it begins creating another rangebar.
In Ensign this is possible by using the value 0.90 value. This way the fourth tick is right away more than 0.90 and begins another candle.
( In ninjatrader I can only set an interval of (4) ticks instead of a value )
Could you help me out how to set it up in Ninjatrader please ? Could this be coded with an override function/procedure)?
Greetings,
---------------like it is now with range bars------------
4 tick Range bar is formed when a tick goes over or under the 4 tick range. So there will be no other candle if price is trading IN this 4 tick range.
For example, 1213.25 -> 1213.50 -> 1213,75 -> 1214.00 -> 1214,25 Now you have a candle range of 4 tick. A new candle will appear when price triggers 1213.00 or 1214.50
In other words:
A bar has a range of X, once X has been penetrated, then a new bar is formed. It can only be penetrated if the new tick is outside of the prior range.
-----------------------------------------------------
I would like to have another bar right AFTER it hits 1214.25 . So in other words, when the fourth tick is in place it begins creating another rangebar.
In Ensign this is possible by using the value 0.90 value. This way the fourth tick is right away more than 0.90 and begins another candle.
( In ninjatrader I can only set an interval of (4) ticks instead of a value )
Could you help me out how to set it up in Ninjatrader please ? Could this be coded with an override function/procedure)?
Greetings,
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