A Revolutionary new adaptive bar type: PVAdaptiveVTR

A full adaptive REAL bar type: PVAdaptiveV(olume)T(ime)R(ange) BAR.

Adaptive Time Volume Range (Delta) Bar.  This is a NON-Virtual in all aspects, as mainly all virtual bar weaknesses removed even from the time side. The only bar type you ever need intraday anymore (OK, maybe tick bars at rare situations when counting something special). And NinjaTrader 8 has the needed supported framework for these new bar types.

Parameters (Default): 

• Value (15): Just to get an idea from time bars so this is sort of max time (not necessarily)  used at each bar but is much faster at active times when volume and range are ruling the bar time.

Other values like max Volume and Range  are calculated dynamically and adaptive in that way that there are about the same factor of limitations as based to Time. Those are adaptive based mainly to previous sessions and current sessions values, use VOL and Range and PVTimeBars to see those values exactly when you are getting familiar with this bar type, not needed later.

Reasoning:

At least I  face some common misunderstanding of the virtual bars weekly (like from Range, Renko,  PointAndFigure and so on)  which either does not show the real range or have phantom or empty bars between "real" bars so they are not tradable and back tests are totally nonsense.

Did you know that even volume bars are virtual ones as not divided between real chunks traded but artificially divided at exact volume barriers. Here in this bar ALL the changes happen based to real chunks (= block or single orders) so Volume, Time or Range can be higher based to real price movements time to trade. Full back testable.

And/But: 

Time is needed as if calm period, expect some movements after some time.
Volume is needed as it is the main indication of the interest.
Range is needed, as this enable to trade breakouts fast enough (not after that long bar too late).
Delta is needed BUT as it can't be read directly from the standard bar via program like from the indicator, there is a special delta indicator which can be utilized to print delta information to the candle.

Other:

To take all old traditional indicators back in business like momentum indicators ? (have to verify that still or is this a pure advertising speech without back test, let's see that ...)

I can create another versions from this where there are only Time and Volume or Time and Range or what ever you like. If there is a need for that kind of bar too.

Download: NT8 NT8_old  (old one for historical reasons)

FYI: You need to load some extra days of data (at least 6-10) to the chart before anything appear as minimum statistic needed but don't worry, this is still done that way that backtest results are same, although data started at diff days.

If you have downloaded this bar type before  2018.02.22, please download a new version as NinjaTrader 8 has added some new bartypes (v 8.0.12.0)  itself and those overlap with earlier version.

2022.09.06: New version and naming, use that: PVBars

Purchase: PriceGroup3

License:  PVBars

Other:

See the minute version (PVPMAdaVTR) of this too. License to both with a single license key.

Picture (more coming at later posts):

Check: Volume, Range and Time from the indicators to get an idea now..

FYI: don't get confused here as picture could be more descriptive but try it at your side ...or as that has a reference to the supporting Candle type: PVDeltaCandle

Here is the more descriptive picture to show how much time every bar has taken (BarTime shown with MLBarInfo as it is quite good indication to volatility)

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Terms of Usage