Range Bar Construction

Questions about MultiCharts and user contributed studies.
jzshen
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Range Bar Construction

Postby jzshen » 08 Sep 2013

I'm thinking about buying some historic data for one developing market. However, 1-min data is the smallest resolution the data vendor can provide, and no old tick data is available. Does anyone know how the range bar is constructed technically in MC? I mean the software implementation details. More importantly, is it possible to build range bar chart from 1min data?

Thanks!

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TJ
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Re: Range Bar Construction

Postby TJ » 08 Sep 2013

I'm thinking about buying some historic data for one developing market. However, 1-min data is the smallest resolution the data vendor can provide, and no old tick data is available. Does anyone know how the range bar is constructed technically in MC? I mean the software implementation details. More importantly, is it possible to build range bar chart from 1min data?
Thanks!
This might help:
Understanding Renko
https://www.multicharts.com/trading-sof ... .php/Renko


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MAtricks
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Re: Range Bar Construction

Postby MAtricks » 09 Sep 2013

Jzshen,

No, you cannot build a tick based chart from time based data. Data is probably the most valuable commodity in this business and it's completely overlooked by most. Good tick data is pretty hard to come by... and you usually pay a lot for it.


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