AlgoBars
Charting True Market Movements
AlgoBars are a proprietary type of bar that removes the time element from the chart and are aesthetically pleasing to look at and simple to understand.
Time charts can hide many price patterns by only showing you the open, high, low and close (OHLC):
More Reasons Why AlgoBars Are Better
AlgoBars provide better market data, enabling strategy coding in ways that time-based bars cannot:
Look "inside" the time bars and expose the market's true movements with AlgoBox™ AlgoBars.
Basic Examples of AlgoBar Charts
AlgoBox™ AlgoBars do not "repaint" or reprint in any way - WYSIWYG - What You See Is What You Get.
An AlgoBar does not change color on you the way other bars do (WYSIWYG). Time bars, Renko bars, and Range bars can change color or state (bullish/bearish) before they close and often fool traders, trapping them on the wrong side.
AlgoBars are designed to provide a clear and accurate representation of price movement. New bars are printed only when the price changes, eliminating the confusion of color changes within bars.
AlgoBox™ AlgoBars are the key to being able to see real market structure price movement and measure market speed objectively, while time charts inherently cannot.
Video Tutorial: AlgoBar Setup
Video Tutorial: AlgoBars vs Time Charts
Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.
Last updated