• 概要
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  • コメント (110)
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Range Bars Charting

Range Bars for MetaTrader 5 is a unique tool for conducting technical analysis directly on the charts, as the indicator is an overlay on the main chart and range bars are calculated using real tick data. The trader is able to place and modify orders directly on the range bar chart (even with the use of one-click trading)

Apart from range candles, the indicator also includes the most commonly used technical studies which are 3 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick volume or real volume), that can be customized according to the user's needs.

Several channel types can also be displayed directly on the range bar charts. These include Donchian Channel, Bollinger Bands and Super Trend.

The individual studies can be turned On/Off based on the trader's preference.


Range bar settings include

  • Range bar size (in points)
  • Enable ATR based bar size calculation (Yes/No) - user editable ATR period and percent of daily ATR value used for bar size calculation
  • Show history for number of days - desired number of days (plus the current day) for the amount of history to process
  • Synchronize first bar's open on a new day (true/false)
  • Use padding Top/Bottom (0.0 - 1.0) - used to set the margins above and below the visible high & low of the visible range bar chart
  • Show pivot levels - Show Monthly, Weekly and Daily pivot levels plus Daily R1, R2, R3 & S1, S2, S3 (calculated using Classic or Fibonacci method) as well as previous day's High, Low & Close levels with color definitions
  • Pivot Point calculation method ( (H+L+C)/3 or (O+H+L+C)/4 )
  • Show current bar's close projections (true/false)
  • Pivot & support/resistance color definitions
  • projection color settings
  • Display current bar's open time along with current tick count (true/false)
  • Current bar's open time info color (defines the color for the text displayed above)
  • Alert on a new bar (true/false)
  • Alert on reversal bar (true/false)
  • Alert on MA crossover (true/false) - 1st MA (fast) & 2nd MA (slow) need to be enabled for the alert to work
  • Display alert in Alert Window (true/false)
  • Play sound on alert (true/false)
  • Send alert via push notification to a smartphone (true/false)
  • Use sound file for bullish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Use sound file for bearish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Show first MA.
  • 1st MA period.
  • 1st MA method.
  • 1st MA apply to.
  • 1st MA shift.
  • Show second MA.
  • 2nd MA period.
  • 2nd MA method.
  • 2nd MA apply to.
  • 2nd MA shift.
  • Show third MA.
  • 3rd MA period.
  • 3rd MA method.
  • 3rd MA apply to.
  • 3rd MA shift.
  • Show Channel (None, Donchian Channel, Bollinger Bands, Super Trend).
  • Donchian Channel period of averaging.
  • Bollinger Bands apply to.
  • Bollinger Bands period.
  • Bollinger Bands deviations.
  • Super Trend period.
  • Super Trend multiplier.
  • Display as bar chart (true/false).
  • Shift objects with chart (true/false)
  • Indicator used in EA via iCustom() (true/false) - Set this to true only when calling the indicator from an EA, another indicator or Script.


FredBH
92
FredBH 2019.05.09 02:23 
 

Completely useless for automated trades. The ranges bars are measured in points following the 1m chart gives a good visual effect but will be a disaster for robots..

Lyubomir Kratinov
399
Lyubomir Kratinov 2019.04.14 17:32   

Absolutely useless, Please replace my purchase with "RangeBars offline chart generator " , I hope this one will work as best as the one for MT4, Thanks.

jastejp
34
jastejp 2018.05.10 12:10 
 

I completely disagree with the above review which doesn't have any useful information to back up his comments.

I have rented this product for 3 months and I am disappointed with it for the following reasons:

1. It isn't easy to setup because you need to download the files for the indicators to work on the charts. These are available from the author's Github website https://github.com/9nix6/Range-Bars-Charting

2. The indicators won't work when the markets are closed because the indicators need to receive a tick to for them to display anything. This means you get blank indicator windows when the markets are closed.

3. As a result of #2 above you cannot do any back testing on the weekends. Not much good if you can only back test during market hours when the EAs should be used to make trades or provide alerts.

4. No time scale dates/timestamps on the x axis to show when bars open, so when you scroll back in time you don't know the chart date you are looking at.

5. If you are considering the offline version, the author told me it won't allow you to trade off the charts https://www.mql5.com/en/market/product/29005. I assume that means you can't do any back testing on this product.

6. I have asked for a refund because I cannot trade with this product which has big issues. I haven't had a reply from the author after 2 days whereas I got response within a day when I had an initial problem setting up the indicators.

My advice is to use a proper trading platform such as Multicharts which has built-in range bars and renko bars, otherwise you will be struggling and wasting your time/money. I am hoping Metatrader will add this in an upgrade to MT5, but it is probably unlikely.

Max Buehler
387
Max Buehler 2017.11.09 11:55 
 

Genius!

バージョン 2.16 2019.09.05
Bugfix for last bar refresh problem found in previous version
バージョン 2.15 2019.09.03
Fixed "duplicate tick" processing problem on the extremely fast-moving charts.
Fixed problem with brokers having an incorrect symbol specification info
Added various optimizations and improvements.
バージョン 2.14 2019.08.29
Fixed problem with "invisible range bars" when backtesting with latest MT5 builds.
バージョン 2.13 2019.08.23
Critical bugfix (fixed incorrect tick volume calculation for some historical range bars)
バージョン 2.12 2019.05.24
Bugfix: fixed problem with certain settings resulting in a blank chart.
バージョン 2.11 2019.05.13
Bug fix: Fixed backtesting bug
バージョン 2.10 2019.04.24
Small enhancements & code cleanup
バージョン 2.9 2019.03.28
Added signal candle's close price to alerts;
Code cleanup.
バージョン 2.8 2018.12.19
Bug fix & maintenance update
バージョン 2.7 2018.12.12
Bug fixes
バージョン 2.6 2018.11.23
Maintenance release
バージョン 2.5 2018.06.29
Maintenance release - code optimization
バージョン 2.4 2018.05.15
Bug fixes.
Added: 2 MA cross alert (MA1 = fastMA, MA2 = slowMA)
Changed: Alert settings
バージョン 2.3 2018.02.27
Maintenance release
バージョン 2.2 2017.12.01
Version 2.x uses real tick data to build and update the charts.
Added: Real tick volume (with Buy/Sell breakdown) is presented where available
Added: Classic or Fibonacci pivot lines plus support (S1,S2,S3) & resistance (R1, R2, R3) levels
Added: Previous sessions High, Low and Close levels
Added: Third moving average
Added: Volume weighted moving average method (using tick volume or real volume)
Added: Optional ATR based bar size calculation
Added: Optional display as bar chart (useful when using with Heiken Ashi indicator)

All known bugs in version 1.47 have been fixed
バージョン 1.47 2017.06.16
Bug fixes
Added Bollinger Bands
Added Super Trend
バージョン 1.12 2017.03.23
Changed: Data window is now displayed when holding CTRL + Left Mouse button
Added: Display of bar size setting info on chart
Added: Extra padding space on top & bottom of chart
Added: Possibility of changing bar colors for gap filling bars
バージョン 1.11 2017.03.13
Bug fix: Visual backtest now works correctly when indicator is used in an EA
Added new input: Indicator used in EA by iCustom() (true/false) (Prevents incorrect shifting of objects on the chart when indicator used in an EA).
Added sending new bar/new reversal bar notifications to a smartphone via MetaTrader app.
Added Bollinger Bands technical indicator
Added RangeBar Data Window (press and hold left mouse button on a selected RangeBar)
バージョン 1.10 2016.06.29
RangeBar chart now displayed as an overlay on the main chart, so you can use visual order placement and modification directly on the chart.