Hello Everyone,
Lets make this space for sharing our range bar systems and indicators that work well on range bars.
Range bars are very powerful, they minimise the spikes and noise in price action and more importantly, without lag...
I have found that Step indicators work very well with range bars. I am attaching the indicators below.
Please share your best range bar setups and indicators in this thread.
For Range Bar EA:
Put the file into your MT4 expert advisors folder. Restart the platform and enable expert advisors button, open a 1 minute chart of your favourite currency pair, scroll back the history for a few days and attach the EA on the chart. Set your range bars size (for example 3 pip) and the offline chart where you want to get the range bars chart (for example 2, or 3 or any other number different from default timeframes 1,5,15,30 etc...), then wait for a tick and you will be ready to open the offline range bars chart (with gaps) of that currency pair.
For Range Bar Indicator:
Put the file into your MT4 indicator folder and the dll in to libraries folder. Restart the platform and open a 1 minute chart of your favourite currency pair, scroll back the history for a few days and attach the indicator on the chart. Set your range bars size (for example 3 pip) and the offline chart where you want to get the range bars chart (for example 2, or 3 or any other number different from default timeframes 1,5,15,30 etc...), then you will be ready to open the offline range bars chart (without gaps) of that currency pair.