Range Charts

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wegi
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Range Charts

Postby wegi » 24 Oct 2013

Hi,


does multicharts support range charts like this: http://www.fibonaccitrader.com/HELP40/R ... x8FXm.dpuf

If yess, how can i setup this.

Or does anyone know an indicator to draw this based on tick data or 1 minute data?


thx

Wegi

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MAtricks
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Re: Range Charts

Postby MAtricks » 24 Oct 2013

MC has "point bars" which are a more realistic Range bar. Format instrument --> Settings --> Regular --> Point

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Andrew MultiCharts
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Re: Range Charts

Postby Andrew MultiCharts » 24 Oct 2013

Hello Wegi,
  1. The equivalent of “Range” bars in TS are “Point” bars in MultiCharts, however they are not build exactly the same way as in TS. To learn how the point bars are constructed in MultiCharts, please see this document.
  2. We also have such chart resolution as “Point Original”. It is not available in chart settings, but it is possible to change chart resolution through command line in MC. Unfortunately I was not able to find any information in our documentation in regards to whether this resolution is 100% identical to TS Range bars. “Point Original” bars differ from “Point” bars in MC: The bar closes when the following condition is met: modulus |Open*PriceScale - Close*PriceScale| >= chart resolution (a tick is not split, it is completely included in the bar, even if the prices difference exceeds the chart resolution.

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MAtricks
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Re: Range Charts

Postby MAtricks » 24 Oct 2013

Interesting...

Andrew, would you mind describing how we may setup our charts with "point original" bars?

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Andrew MultiCharts
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Re: Range Charts

Postby Andrew MultiCharts » 25 Oct 2013

Interesting...

Andrew, would you mind describing how we may setup our charts with "point original" bars?
When you have your chart up, put for example "20 point(original)" in the Command Line and hit Enter key.


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