I know that Steve uses 1/2 the range on the cash indexes and stocks, for me pesronally I've found using 1/2 the body at certain times is better ON THE FUTURES on these short time frames 5, 10, 15, 20 min charts for example.  Now for cash SPX I use the range and on larger time frames.  I haven't quantified that, it's just form experience and practicing it.  

    you have to trade or paper trade something for a while to get a feel for it

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