What is actually Equidistant Bar Spacing?

[mishhh]

Hello guys,

I read in documentation, I read in the forum about this Equidistant bar spacing.
I zoomed in charts with stocks and currencies.
Still I don't understand what this setting should or is supposed to do.

I thought it will bring calendar days on EOD charts (weekends shown as blanks).

But it doesn't seem to do so.

Anyway, even the name is confusing.

So anyone can tell me what this Equidistant bar spacing really is?

In the end, can I see calendar days on EOD charts in NT7?

Or is it a bug in my version of NT7 that I cannot perceive?

Thank you in advance.

ps.
anyway, great improvement since 6.5
calendar days and Metatrader's crosshair tool of measuring price rapidly would be a killer

[NinjaTrader_Brett]

Hello,

Please see this help guide page(I'm not sure if you found this or not) and the section working with multiple data series there is a great explanation on how this works let me know if you still need me to clear something up for you.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?working_with_price_data.htm

Let me know if I can be of further assistance.

[mishhh]

I did read the help.

And here's what it says:

When false, the distance between bars is not necessarily the same. Bars are instead plotted on a fixed x-axis timeline where every inch along the axis represents an equal amount of time.

But this is not true on EOD charts. I've zoomed on every chart I study.
There's no space gap for weekend days.

How is then the timeline x-axis fixed?

So the simple question (maybe I'm confused and I don't see the point):

Equidistant bar spacing provides Calendar days in daily EOD charts? (Provides space gaps for weekends?)

ps.
Your quick responses are so welcomed for users.
Metatrader forum is the worst forum I've been into.
so congratulations on this

[NinjaTrader_Brett]

Hello,

Thanks,

You wouldnt really see a difference here on EOD charts.

The only time you would see a difference here is when the Time Axis or X axis varies. Such as with a Volume, Tick, and Range Charts is where this setting only really matters.

Since the bars do not close ever X minutes or X Days on the dot and time is not relevent for these bars each bar can be a different amount of time.

With this setting you can choose to plot them so the line up and a equally spaced apart even though there time is not. Or to plot them no equally to take the length the bar is open into account. So that a bar with more space means that bar was there for a longer amount of time.

You would not see this setting make any effect on Day, Minute, Weekly or above charts. Only Tick, Range, Volume, Etc., Etc.


Let me know if I can be of further assistance.

[mishhh]

Thank you Brett,

Now it's clear.
The information about this subject is misleading though.

So I guess I'll post a thread into Suggestions for equidistant bar spacing to act on minute, daily, weekly (etc) charts too.

NT7 forum is a delight

[syxforex]

off topic, but can I ask this here. I have a 256 range bar chart and Im seeing a problem in that the bars are not all of 256 range. At least half the bars are some fraction of the indicated range. Why is this happening? Thanks

Hello,

Thanks,

You wouldnt really see a difference here on EOD charts.

The only time you would see a difference here is when the Time Axis or X axis varies. Such as with a Volume, Tick, and Range Charts is where this setting only really matters.

Since the bars do not close ever X minutes or X Days on the dot and time is not relevent for these bars each bar can be a different amount of time.

With this setting you can choose to plot them so the line up and a equally spaced apart even though there time is not. Or to plot them no equally to take the length the bar is open into account. So that a bar with more space means that bar was there for a longer amount of time.

You would not see this setting make any effect on Day, Minute, Weekly or above charts. Only Tick, Range, Volume, Etc., Etc.


Let me know if I can be of further assistance.

[NinjaTrader_Brett]

Hello,

Based on the large range setting. One range bar may be expanding over one session gap or Default 24/7 session template time (At midnight).

When the next days session begins we start a new bar reguardless of where it is in its forming.

This is intended design in NinjaTrader 7.

Let me know if I can be of further assistance.