If you guys have noticed, you will find that amibroker charts the range bars differently from ninjatrader.
Here is what I mean.
Lets say I fix the range to 5.
And the stock moves from Rs.100 to Rs. 105 and the next tick after that is Rs.104.
This means that the stock is still within the 5 rupee range.
In amibroker a new bar starts immediately after 105 is hit. Meaning a new bar is started with 104 as the opening price.
Where as in NT, a new bar starts only after a 105 price is crossed. meaning if the price is 105.01 or more then a new bar starts.
And the way NT does it is the correct way to plot range bars.
Is there any indicator for ami to plot the range bars correctly.
Here is what I mean.
Lets say I fix the range to 5.
And the stock moves from Rs.100 to Rs. 105 and the next tick after that is Rs.104.
This means that the stock is still within the 5 rupee range.
In amibroker a new bar starts immediately after 105 is hit. Meaning a new bar is started with 104 as the opening price.
Where as in NT, a new bar starts only after a 105 price is crossed. meaning if the price is 105.01 or more then a new bar starts.
And the way NT does it is the correct way to plot range bars.
Is there any indicator for ami to plot the range bars correctly.