Author Topic: 5min Range Bar  (Read 4485 times)

paws

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5min Range Bar
« on: October 24, 2011, 09:35:49 pm »
I tried to create a custom  formula for 5 min range [Range5P], however, it gives an error message (unknown filter).  Obviously, it seems that one cannot create custom formula by simply replacing a format for other time-frames. How do I create a range in percent for 5 min bar?

Barrie Einarson

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Re: 5min Range Bar
« Reply #1 on: October 24, 2011, 10:01:53 pm »
You are right - the minimum now is Range 15 - maybe if enough people requested a Range 5, they would create it.

paws

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Re: 5min Range Bar
« Reply #2 on: October 25, 2011, 08:39:00 pm »
For momentum traders, it would be really helpful to know early within 5 min after the open of the market if the stock is going in the direction you are trading rather getting on the trade after 15 min.


paws

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Re: 5min Range Bar
« Reply #4 on: October 30, 2011, 04:51:30 pm »
Thanks for sharing.  I tried this strategy with adding more filters to target specific stocks. It seems to work fine.