Toggle Dark Mode Find Search

Sierra Chart
Financial Markets Charting and Trading Platform

Main ▾ Documentation ▾ Getting Started ▾ Account Management ▾ Support ▾

Home >> (Table of

Contents) Studies and
Indicators >> SC Account Name Login Login Page - Create Account
Technical Studies
Reference >> Range Bar Predictor

Technical Studies Reference

Technical Studies Reference

Common Study Inputs (Opens a new page)

Using Studies (Opens a new page)

Range Bar Predictor

This study calculates and displays the projected High and Low for Range Bars. The Range Bar types
are selected via Chart >> Chart Settings >> Main Settings >> Bar Period Type . The Renko
Bar types are listed below. They can only be used on Intraday Charts.

Range Per Bar - Standard (in ticks)

Range Per Bar - New Bar on Range Met (in ticks)

Range Per Bar - True (in ticks)

Range Per Bar - Fill Gaps (in ticks)

Range Per Bar - Open=Close (in ticks)

Let Ht and Lt denote the High and Low Prices, respectively, at Index t. Let r denote the Setting
for the Range Bar (controlled via Chart >> Chart Settings >> Main Settings >> Setting ) and
let s denote the Tick Size.

(P ) (P )
We denote the Predicted High and Predicted Low Prices at Index t as H
t
(r, s) and L
t
(r, s) ,
respectively. These are calculated for the last chart bar only as follows.
 (P )
H (r, s) = Lt + r ⋅ s
t
(P )
L (r, s) = Ht − r ⋅ s
t

Inputs

This study has no Inputs.

Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this
Spreadsheet to the Data Files Folder.

Open it through File >> Open Spreadsheet .

Range_Bar_Predictor.235.scss

*Last modified Monday, 03rd October, 2022.

Service Terms and Refund Policy