Most technical indicators and charting systems were
developed decades ago — perhaps as much as 100 years ago,
or more! This isn’t the case with Range Bar Charts. They
were developed by Brazilian trader Vicente Nicolellis in the
mid-1990s, and they are designed to make use of volatility.
They do this by eliminating time as a factor.
Say what? How can you have a chart that doesn’t even
consider time? How can this be an improvement; to consider
less data, especially a datum as important as time itself?
Well, during periods of low-volatility, insignificant trades
can add noise. If one one-minute block of time has just 10
trades, while another one-minute block has 200 trades, why
should those one-minute blocks be considered equally? By
considering them equal, you’re actually giving added
importance to the 10 trades over the 200. Range Bar Charts
remedy this discrepancy.
In this episode, you’ll learn:
-How Range Bar Charts are calculated, and how they can be
-How to set up your Range Bar Charts with appropriate
ranges, using another statistic: Average True Range (ATR).
-Why Range Bar Charts are arguably more effective than
standard charts (we’ve already given you a hint in this
-How you can use Range Bar Charts as a simple measure of a
CEO, Wealthpire Inc.
***Other Recommended Resources:
AAPL – Never Too Late to Make Money
This new report details why now is the best time to take a closer look at Apple’s overpriced stock for quick, weekly profits. You would be surprised how many people are making money with this strategy – and not concerned about any other stock on the market.
“Minute Stocks” – New Hype or Legitimate Wealth?
First time investors are beating the system and seasoned traders with this innovative strategy. They’re not stock brokers, and they’re not spending hours online researching – so how are they doing it, read the report here.
How He Received the Title ‘The Top Day Trading Expert in the World’
Most people won’t know who he is, but to his followers he is considered a mastermind. Learn what he has uncovered, and how you can start trading alongside him – as early as tomorrow morning.
Highly Classified Information: 2 Secret Teachings by Wall Street Billionaires
Known by Wall Street Elite as the #1 way to maximize profits, these two simple rules are kept classified, but are known to multiply gains by 33 times. It’s not how you do your research – the key is recognizing what to look for – once you do, the money is almost guaranteed to roll in.