Measuring Fixed Range Bar Size and Tick Update Limits
Summary
The document explains how a Constant Range Size indicator reports the fixed high-to-low range used by synthetic range bars. It gives a simple calculation from a bar’s high minus its low, with a gold-chart example, and clarifies that the indicator is intended for range charts rather than standard time-based candles. Range bars are described as having the same fixed price range from high to low.
It also notes an operational limitation: range charts generated by an expert advisor may stop updating when markets are closed because the advisor depends on incoming ticks. A tick generator is presented as a workaround, though the document provides no comparison, testing evidence, or details about how it works. The indicator’s display settings are listed, but there is no trading signal, performance analysis, or guidance on choosing range size. The material is therefore useful for understanding the chart measure and its update dependency, but does not establish that range bars or the indicator improve trading results.
Key ideas
- The indicator measures Constant Range size as the difference between a bar’s high and low.
- Constant Range bars use a fixed high-to-low price range and differ from standard candles.
- Expert-advisor-generated range charts may not update when no market ticks arrive.
- The document proposes a tick generator to provide updates during tick-scarce periods, without evaluating its results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.