Trading Range Bars by Suri Duddella
ARTICLE SYNOPSIS ...Stocks & Commodities V. 25:6 (28-34): Trading Range Bars by Suri Duddella
There are different ways to chart price movements. Here we look at range bars and how they help identify the underlying trend.
Bar charts, candlestick charts, and line charts are the most popular when it comes to charting, but what about range bars? Range bars are a unique way of building price charts and are excellent in finding the underlying trend and movement of the current bar. Since each bar on the chart has the same range (high to low), it reduces the volatility and noise within the range of the bar. Range bars ...