Charting Question - 3 Day Bar

Discussion in 'Trading Software' started by Palindrome, Dec 24, 2016.

  1. MattZ

    MattZ Sponsor

    The original question of this thread was about 3 Day Bars and which platform is capable of doing it. I answered Sierra can do that and provided a link for the demo so the OP can test it. That is all.
    If this alienated you, I apologize. I am still not sure what I did wrong, but I don't want to offend anyone.
    Can we PLEASE end it on this good note?
     
    #21     Dec 26, 2016
    Xela likes this.
  2. algofy

    algofy

    Who is he alienating and I mean this question with respect to all parties.
     
    #22     Dec 26, 2016
  3. SunTrader

    SunTrader

    With TradeStation you can make artificial 3 day bars through coding but otherwise the platform itself does not allow for bars greater than a day equaling 1440 minutes (besides the usual weekly/monthly).

    Don't know about Multi-Charts.
     
    #23     Dec 31, 2016
  4. TradeStation, and I suspect other platforms, allows any number of minutes for bars (1, 30, 60, 479, anything). Three days is 1170 minutes, so set it for that, and you have 3-day bars.
     
    #24     Dec 31, 2016
  5. SunTrader

    SunTrader

    As I said just before your post TradeStation does not. It limits minute charts to 1440 max or 1 complete 24 hour time cycle.
     
    #25     Dec 31, 2016
  6. PRICE IS THE SAME ON ALL CHARTS!

    The only real chart is the 1-tick chart. All of the other charts are data compression.

    There are no magic chart periods.

    Draw a horizontal line on any chart. Either price stays/goes above the line or it stays/goes below the line.

    TRADING IS SIMPLE.

    Why complicate it?
     
    #26     Dec 31, 2016
    beginner66 likes this.
  7. I know Gann used 3 day charts (for stocks I believe) - in addition to other time frames.
    His trading was pre-automation.

    I think his rational was that it was 1/2 a week (there were 6 TD for commodities then - I believe).

    Yes you can used your IB data feed for NT charting - which is what I do. The free version will do this. (If you want to enter your trades directly from NT you need the paid version but if you are plotting 3 day you don't need that).
     
    #27     Dec 31, 2016
  8. SunTrader

    SunTrader

    TRO if one trades on a 1 tick chart I suppose.

    If one trades on a daily basis why would a 1 tick chart be applicable?
     
    #28     Dec 31, 2016
  9. Your inference is not valid.
     
    #29     Jan 7, 2017
  10. SunTrader

    SunTrader

    Your reply is .... lacking.
     
    #30     Jan 7, 2017