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The Bars Gold

The Bars Gold is an indicator which displays the Height of bars. The Bars will show you the height of each bar, setting each low as the zero point. The Bars Gold can be used for manual trading or built into an Expert Adviser for automated trading.

It is presented as a histogram where you may change the colors for Bull bars, Bear bars, Open line and Close line.

  • This indicator removes the trends of price movements so that you can focus on Bull and Bear bars more clearly.
  • Gold Upgrade Exclusive: Multi-timeframe functionality to view higher time frame information! (See the screenshots)
  • Gold Upgrade Exclusive: View the Open of each bar as a line on the indicator chart.
  • Gold Upgrade Exclusive: View the Close of each bar as a line on the indicator chart.


Automated Trading

For automated trading, use the indicator buffer of the double type:

  1. Bull (upward moving) bars - buffer 0.
  2. Bear (downward moving) bars - buffer 1.
  3. Note that results of exactly zero are always Empty Values for the above buffers.
  4. Opens - buffer 3.
  5. Closes - buffer 4.


Input Parameters

  1. TimeFrame - The time frame (in minutes) you would like to view:
    • PERIOD() - 0.
    • PERIOD_M1 - 1.
    • PERIOD_M5 - 5.
    • PERIOD_M15 - 15.
    • PERIOD_M30 - 30.
    • PERIOD_H1 - 60.
    • PERIOD_H4 - 240.
    • PERIOD_D1 - 1440.
    • PERIOD_W1 - 10080.
    • PERIOD_MN - 40320.
  2. ShowOpens - Show the Open Prices relative to the Bar Height.
  3. ShowCloses - Show the Close Prices relative to the Bar Height.

The Bars Gold was created by Hilton Global LLC.

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