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--- desktop:desktop_byrne_bars [2024/06/03 18:57] – rob
+++ desktop:desktop_byrne_bars [2024/06/03 19:00] (current) – rob
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 </WRAP>
-{{:desktop:image_1_.png|}}
+====== Byrne Range Bars ======
+Byrne Range bars function like Tick Range and Open to Close
+Range bars in the sense that new bars are determined by price, not time. However,
+Byrne Range bars have a different price target to print based on if the
+previous bar was an up bar or down bar. A 10 Byrne Range bar will print after
+more ticks in the direction of the previous bar or after 2*10 ticks in the
+opposite direction of the previous bar as measured from the High or Low of the
+current bar. For example, if the previous bar was an up bar that closed at a
+price of 100, a 10 Byrne Range bar will print another up bar once the price
+reaches 110 or it will print a down bar if the price reaches 80. However, the
+reversal target will rise as the current bar builds. So if the price rises to
+, the reversal target will rise to 81. If the price rises to 109, the
+reversal target rises to 89. The trend target, however, remains fixed at 110.
+<WRAP center round info 100%>
+**Note** that Byrne Range bars can print bars with a larger
+difference than specified between Open and Close in the event of price gaps in
+the market. For example, if in the example above the price gaps down from 109
+to 85, the Byrne Range bar will have an Open of 100, High of 109, and Low/Close
+of 85. The chart was looking for a price of 89 to print the bar, but since the
+price gapped it closed the bar with the next price that satisfied the conditions.
+</WRAP>
 ====== How to Enable ======
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 </WRAP>
+====== Comparison ======
+{{:desktop:image_1_.png|}}