on that 2hr trend system, one issue is that there are obviously
not an even 2hr bars during the cash market. The way Stockcharts
does it, they count the first bar as only 30 min from 9:30 - 10:00
EST, and the next 3 bars are 2 hr bars: 12, 2, 4. In
Tradestation their charts have two options, Natural Hours and
Session Hours. Natural Hours mirror Stockcharts, and Session Hours,
which I showed on the weekend, move that 30 min bar from the 1st 30
min segment of the day to the last 30 min time of the day 3:30 - 4.
To match Stockcharts I would have to switch to the Natural
Hours setting obviously. However either one does not have
even 2hr bars as you have to have one 30 min bar in there somewhere
with the cash market only 6.5 hrs.
However I an considering a more custom time frame, such a 130
min chart instead of a 2hr chart, this would give an even 3 bars
during the day. Or, maybe even dividing the day up exactly by
2 and using a 195 min bar would give exactly 2 bars during the day
might even be simpler
I use 65 min and 195 because of the 30 min difference, you will
have 7 bars and if you cut it down to 65/195 then you have 6
even bars for the day. Just a thought.
on that 2hr trend system,
As you know we always show the daily and 120 ...
Posted by matt on 23rd of Dec 2019 at 02:12 pm
on that 2hr trend system, one issue is that there are obviously not an even 2hr bars during the cash market. The way Stockcharts does it, they count the first bar as only 30 min from 9:30 - 10:00 EST, and the next 3 bars are 2 hr bars: 12, 2, 4. In Tradestation their charts have two options, Natural Hours and Session Hours. Natural Hours mirror Stockcharts, and Session Hours, which I showed on the weekend, move that 30 min bar from the 1st 30 min segment of the day to the last 30 min time of the day 3:30 - 4. To match Stockcharts I would have to switch to the Natural Hours setting obviously. However either one does not have even 2hr bars as you have to have one 30 min bar in there somewhere with the cash market only 6.5 hrs.
However I an considering a more custom time frame, such a 130 min chart instead of a 2hr chart, this would give an even 3 bars during the day. Or, maybe even dividing the day up exactly by 2 and using a 195 min bar would give exactly 2 bars during the day might even be simpler
I use 65 min and
Posted by ssaffer on 23rd of Dec 2019 at 03:48 pm
I use 65 min and 195 because of the 30 min difference, you will have 7 bars and if you cut it down to 65/195 then you have 6 even bars for the day. Just a thought.
thx, I like the even
Posted by matt on 23rd of Dec 2019 at 03:49 pm
thx, I like the even number of bars