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Date/Time: Sun, 28 Apr 2024 13:03:54 +0000



formation process Range Per Bar - Standard vs. Open=Close

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[2018-10-17 15:45:31]
Marc@SC - Posts: 13
Hello, I am a bit confused about the formation process of the Range Bars (Open = Close).

The screenshot above shows a chart with "Range Per Bar - Standard(in ticks)" (Setting: 4) and below with "Range per Bar - Open = Close" (Setting: 4). The marked bars have different Volumes and POCs.

Why does the right red bar only have 4 ticks using "Range Per Bar - Open = Close" compared to other bars in this chart and the "Range Per Bar - Standard(in ticks)" chart?
How is the transition from one bar to the next?

Thanks
Date Time Of Last Edit: 2018-10-17 19:08:30
imagedifference_RangeBar.png / V - Attached On 2018-10-17 17:05:01 UTC - Size: 71.88 KB - 274 views
[2018-10-17 20:39:43]
Sierra Chart Engineering - Posts: 104368
Refer to the documentation here:
Chart Settings: Intraday Chart Bar Period >> Bar Period Type >> Range Per Bar - Open=Close (in ticks)

Duplicate the chart and remove the Numbers Bars study, do you then see the proper range? If so, then it must be a case where the market trading activity gapped by a tick or more.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

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[2018-10-17 21:34:14]
Marc@SC - Posts: 13
I know the documentation, but there is no explanation for that behavior.

left side: I removed all studies in the "Range Per Bar - Standard(in ticks)" (Setting: 4) chart, duplicated the chart and set to "Range per Bar - Open = Close" (Setting: 4).

right side: with study Numbers Bars.

The result is the same.
Date Time Of Last Edit: 2018-10-18 05:34:06
imagedifference_RangeBar 3.png / V - Attached On 2018-10-18 05:32:06 UTC - Size: 116.52 KB - 254 views
[2018-10-19 14:39:55]
John - SC Support - Posts: 31159
Most likely this is because of New Bar at Session Start. Refer to the documentation here: Chart Settings: New Bar at Session Start (Chart >> Chart Settings >> Session Times >> Intraday Chart Session Times menu)
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