Anyone Intraday trader who trades based on 'Range Bar chart' or the other charting than candlestick?

#1

Anyone Intraday trader who trades based on ‘Range Bar chart’ or the other charting than candlestick?

#2

Yes i do , but whats the intent of your thread !!?

#3

I use orderflow charts, never trusted candles.

#4

Hi bro, which software and data feed do you use for order flow charts

#5

The intension is to have discussions on the topic.
I’m into trading since two years, was using traditional candlestick and recently I got introduced to noiseless charting method, which I found very logical.
May be the traders who also thinks in line can discuss further.
Unfortunately there is very limited material / source available on this topic, so thought we can discuss.
Thank you for your reply and look forward to learn from you.

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#6

I use ninja+truedata

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#7

Well , as you mentioned, Range bar charting or Line charts are better than Candle sticks , Candle sticks are based on time element where as Bar & Line are price based , so less noisy charts, Here i am posting a link which will be helpful , But please note that i am not promoting that website or something , i think it will be useful for you & help the discussions on this topic.

https://www.marketcalls.in/amibroker/how-to-take-advantage-of-range-bar-charts.html

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#9

yes i am using range charts and i found it much better than candlestick

#10

Hello Ronak,
True, once you familiar with the ranges for the scrips you are trading, it gives much better picture on Support & Resistance.
The only issue is repainting of chart.

Do you use any other charting software other than Zerodha for Range bar Charts?

#11

can anyone tell me how to count range values of every stock

#12

ATR is helpful in this regard

#13

I take it roughly 0.1% of its spot price.
For nifty it is 10 absolute points and for bnf it is 25 points for intraday trades.
Accordingly you can use for other stocks.