Range Bars Symbol Maker
- Utilitys
- VITALII DERIABIN
- Version: 1.3
- Aktualisiert: 29 September 2022
- Aktivierungen: 10
A Range Bar is a unit of non-time based price series constructed on price movement as a way to help expose trends and volatility. A new bar is open each time a price (or trade) occurs outside the previous bar’s stated price range and closed on a new high or low within range.
The Range Bars Symbol Maker create and updates symbol which contains range bars data for selected instrument with certain bar size (range). It uses MetaTrader 5 built-in feature of creating custom symbols and data for it. Therefore, result charts of such symbol can be used as regular one, including applying expert advisors, indicators, and scripts.
All initial parameters are represented on control panel:
Symbol | List of available symbols/instruments from terminal Market Watch. |
Range | Size of range bars, in points. |
History | Defines length of historical M1 series for building range bars. Can be exact quantity for "bars" or number of past "days" before the current date. |
Prefix | User defined label before name of custom symbol (not necessary parameter). |
Live Update | Turn on/off tick-by-tick update for existing custom symbol and related charts. |