Measuring Bar Size in Points with Spread and One-Way Movement

Summary

SizeBar measures bar size in points while accounting for the spread and the maximum movement in one direction. The author recommends comparing its readings across charts to identify bars that are relatively large. This makes it a descriptive chart-analysis aid for judging bar range in context.

The document gives no formula, parameter details, trading rules, or evidence about predictive value. It also does not specify which instruments or timeframes are appropriate. The indicator's output can support visual comparison, but the description alone does not establish how a trader should turn that comparison into an entry, exit, or risk rule.

Key ideas

• The indicator reports bar size in points while accounting for spread.
• Its measurement considers the maximum movement in one direction.
• The author suggests comparing readings across charts to spot relatively large bars.
• The description provides no strategy or evidence of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.