NexusFi: Find Your Edge


Home Menu

 





Average True Range in Kase Bars


Discussion in TradeStation

Updated
    1. trending_up 2,116 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread

Average True Range in Kase Bars

  #1 (permalink)
madeinnyc
Highland Park, TX
 
Posts: 36 since Jan 2020
Thanks Given: 17
Thanks Received: 20

I've been using a 1 Minute 10 Day Candlestick chart on the NQ with Average True Range set to: 10,10. I've been using the output value for ATR to plug into as Target Range using a 1 Tick interval on a separate Kase Bar chart. However, given the nature of the NQ, the ATR on the 1 minute constantly fluctuations from single digits to double! I've been curious to know if there's a way where ATR output from the 1 minute can automatically update the Target Range on the Kase chart? If I'm approaching this the wrong way or if ya'll have figured out a better way to handle this, I certainly welcome the feedback and support. Thanks!

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Build trailing stop for micro index(s)
Psychology and Money Management
Are there any eval firms that allow you to sink to your …
Traders Hideout
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #2 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853


madeinnyc View Post
I've been using a 1 Minute 10 Day Candlestick chart on the NQ with Average True Range set to: 10,10. I've been using the output value for ATR to plug into as Target Range using a 1 Tick interval on a separate Kase Bar chart. However, given the nature of the NQ, the ATR on the 1 minute constantly fluctuations from single digits to double! I've been curious to know if there's a way where ATR output from the 1 minute can automatically update the Target Range on the Kase chart? If I'm approaching this the wrong way or if ya'll have figured out a better way to handle this, I certainly welcome the feedback and support. Thanks!

I do not believe this is possible, at least not easily. This is would be, essentially, a custom chart type.

You could perhaps code an indicator in TradeStation and apply it to a tick chart, but then you would lose the 1 minute resolution.

~vmodus

~vmodus

Enjoy everything!
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on July 18, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts