Price Change Bar Type

With a Price Change bar the price must change values to be counted as one count against the bar total count. So, a 10PC chart will display 10 changes of price, not 10 ticks. For example, if there were, in order, 3 trades at 9.25, 2 trades at 9.50, and then 7 trades at 9.25 again, then 3 price changes have occurred. Once the selected number of price changes are reached, the current bar is closed, and a new bar is created. I find this chart type gets rid of much noise in the price action.

Created By monpere
NinjaTrader Version 7
File Size 1.5 KB
Create Date 09/12/2010
# of Downloads 730

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