Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.06.29 08:38
Indicators

Constant Range Detector - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch

Views:
20102
Rating:
votes: 1

Info: Constant Range Detector indicator

Note: This indicator is intended for use with Constant Range Charts: Range Bars or Renko Boxes, not standard candles - bars

  1. Constant Range Candles and Charts are also referred to as Range Bars (RB) and Range Bar Charts.
  2. Constant Range Candles / Bars all have the same pip range value from high to low.
  3. Standard Candles / Bars all have different pip range values from high to low.
  4. The indicator computes the pip range of the 8th historical candle / bar from the current candle / bar.
  5. As each new candle / bar is formed the 8th historical candle becomes the next candle to the right.
  6. Because all range candles / bars have the same pip range value each successive 8th candle produces the same fixed range output.
  7. If the indicator is used with standard candles / bars the range output will not be fixed but will differ with each new candle / bar.

Constant Range (CR): CR 50

LCrudeAug12: 79.58 High - 79.08 Low (a random candle data chosen for illustration)

Note: Be aware that Data Window will return High - Low subtraction values of 150 for 15 pips, 200 for 20 pips etc, on 3 & 5 digit pricing.

Constant Range Chart: CR 10

WTI-Oil: 200 LWMA - Williams Aligator (click chart to enlarge)


Ask - Bid + Spread Indicator in above charts can be got

  1. Free Constant Range Indicator - 1: Source . Note: Point based - 3 & 5 digit pricing will require range setting to include additional zero. i.e. 25 pip range requiring an indicator setting of 250. Automatic refreshes and generates range candles / bars on MT4 start. Note: When in installing indicator ensure file ovoranbar001.ex4 is in the /experts/libraries folder.
  2. Free Constant Range Indicator - 2: Source. Note: Pip based. Will need manual refresh on MT4 start - set 1M feeder chart to 5M then back to 1M to start refresh when MT4 starts, after which range candles / bars will continue to be generated until MT4 closed.
  3. Constant Range Bars - HERE - flawless performance. Note: license linked to external server.
  4. Constant Range Information: Google - try "Range Bars", "Constant Range Bars", "Range Bar Trading", etc.

    Tip: Create ready made constant range templates for ease and speed of use. Ask-Bid-Spread indicator can be used on constant range templates and generated range charts for ease of check that both charts are in sync and range chart updating.
    Base template CR-0-Blank.tpl for 1M chart provided (see download), will need
    Ask-Bid+Spread indicator.
    ___________________________________________________________________________________________________________________________

    Code Revision

     //for (int i = 0; i <= limit; i++
       int i;
     //for (int i = 0; i < Bars; i++){
          ObjectDelete("CRD");
          //ObjectDelete("name");
    

Drag SLTP Drag SLTP

A brand-new EA to modify orders stop levels

EM_VOL EM_VOL

I make the new EA similar Sophia1.1 but logic is different and money management. I saw it strategy up a book of Enrico Malverti (Trading Systems).

PSAR trader PSAR trader

Trades using parabolic sar signals

MACD MA Price MACD MA Price

MACD indicator with possibility to establish mode of moving average and applied price.