Is it possible to backtest on range bars? Thanks.
Yes, of course. But you would better need 1-tick data being available. Anything else is pretty much useless (though it is still possible to create range bars from non 1-tick data. But personally I don’t recommend it).
Other precautionary measures to be taken care of once you have 1-tick data available:
- Check whether Base time interval of File - Database settings is actually set to Tick
- For use in Analysis Range bars are defined in Tools - Preferences - Intraday
Note also that Analysis interval setting is independently set from chart interval!
So just go to Analysis settings -> General <- tab and choose -> Periodicity <- there.
Then you may “start your engines”.