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Range Bars Charting

2.5

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 can 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 ticks)
  • 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 several 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)
  • Trading session time (HH:mm-HH:mm) - broker's server time is used. Input in the 24H format
  • 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 )
  • Pivot & support/resistance color definitions
  • Current bar's open time info color (defines the color for the text displayed above)
  • Alert condition (None / New bar / Reversal bar / MA1 & MA2 crossover / {plus variations})
  • Alert notification type (None /Show in alert box / Play sound / Send push notification / {plus variations})
  • Show MA (Yes/No)
  • MA draw as (Line/Dots)
  • MA period
  • MA method
  • MA apply to
  • MA shift.
  • MA show price label (Yes/No)
  • Show Channel (None, Donchian Channel, Bollinger Bands, Super Trend, Keltner Channel).
  • Channel period.
  • Channel ATR period (used for Keltner Channel only)
  • Channel apply to.
  • Channel multiplier.
  • Channel bands deviations (used for Bullinger Bands only).
  • Channel bands price labels (Yes/No)
  • Channel mid-price label (Yes/No)
  • The indicator used in EA via iCustom() (true/false) - Set this to true only when calling the indicator from an EA, another indicator or Script.
  • 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
  • Display chart info (true/false) - Show current bar's close projections.
  • 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).
  • Display as a bar chart (true/false).
  • Shift objects with the chart (true/false)

The indicator also features a custom data window where you can inspect each bar's OLHC prices as well as the bar's open time.

The data window is displayed by left-clicking on the selected candle while holding down the Ctrl key on your keyboard.

Chart autoscale feature can be toggled ON/OFF using Ctrl+Q


    İncelemeler 5
    accname
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    accname 2017.11.09 11:55 
     

    Genius!

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    Auto Order Block with break of structure based on ICT and Smart Money Concepts Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   ,  MTF      ( Multi Time Frame )    Volume Imbalance     ,  MTF          vIMB Gap’s Equal High / Low’s     ,  MTF             EQH / EQL Liquidity               Current Day High / Low           HOD /
    Blahtech Supply Demand MT5
    Blahtech Limited
    4.57 (14)
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    Stefano Frisetti
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    Fiyat tersine döndükçe ve geri çekildikçe piyasa yapısından elde edilen kâr değişir. Piyasa yapısını tersine çevirme uyarısı göstergesi, bir trendin veya fiyat hareketinin ne zaman tükenmeye yaklaştığını ve tersine dönmeye hazır olduğunu tanımlar. Genellikle bir geri dönüş veya büyük bir geri çekilme meydana gelmek üzereyken meydana gelen piyasa yapısındaki değişiklikler konusunda sizi uyarır. Gösterge, olası bir tükenme noktasının yakınında her yeni yüksek veya düşük oluştuğunda, başlangıçta
    Trend Line Map Pro MT5
    STE S.S.COMPANY
    4.67 (9)
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    Evgenii Aksenov
    4.78 (49)
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    TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  -  Version MT4                  DETAILED DESCRIPTION        /       TRADING SETUPS       
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    Siarhei Vashchylka
    5 (5)
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    Ramil Minniakhmetov
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    Batsirayi L Marango
    5 (1)
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    Juvenille Emperor Limited
    5 (14)
    Matrix Arrow Indicator MT5 ,   forex ,   emtialar ,   kripto   para birimleri ,   endeksler ,   hisse senetleri   gibi tüm sembollerde/araçlarda kullanılabilen   %100 yeniden boyamayan   çoklu zaman çerçevesi göstergesini izleyen benzersiz bir 10'u 1 arada trenddir.  Matrix Arrow Indicator MT5 , mevcut eğilimi erken aşamalarında belirleyecek ve aşağıdakiler gibi 10'a kadar standart göstergeden bilgi ve veri toplayacaktır: Ortalama Yönlü Hareket Endeksi (ADX) Emtia Kanal Endeksi (CCI) Klasik Hei
    Bu, zirveleri ve dipleri değerlendirmek için net bir göstergedir ve Salınımlı piyasa için iyi çalışır. Promosyon fiyatı 49$ → 59$ özellikler üstleri ve dipleri yargılamada iyi Yeniden çizme yok, sürüklenme yok Hızlı hesaplama, gecikme yok Zengin hatırlatma modu Birden fazla parametre ve renk ayarlanabilir parametre "======== Ana ========" YüksekDüşükDönem1 = 9 YüksekDüşükPeriyod2 = 60 YüksekDüşükPeriyod3 = 34 YüksekDüşükEMAPeriyodu = 4 MASignalPeriod = 5 "======== Bildir ========" UseAler
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    Daniel Stein
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    Kyra Nickaline Watson-gordon
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    James David Lane
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    Artur Zas
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    Artur Zas
    4 (4)
    The robust charting solution enables creating custom live range bar charts on the MetaTrader 4 trading platform. You can apply all of the standard and custom indicators and technical studies directly to the range bar charts and you can run EAs directly on these charts as well* (for details see text below the input summary). To create a range bar chart you need to attach the Range Bar indicator to a standard time frame (1 minute is recommended) and use the indicator's settings to generate a live
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    Ultimate Renko
    Artur Zas
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    Professional range bar charting on a custom symbol chart accurate pricing to the tick  accurate timeline (no future date projections) very responsive charts An Expert Advisor (EA) is used to create a RangeBar custom chart and provide real-time updates. It is an MT4 "offline" range bars chart equivalent. The simplicity of use - Attach the EA to any time-based chart that you wish to see Range Bars for, input your desired parameters and you are ready to go! You can attach any MT5 compatible indicat
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    A countdown timer for the  Volume bar chart generator  and  Tick chart generator  products, which are available for download from the MQL5 Market: Tick chart generator: https://www.mql5.com/en/market/product/29215 Volume bar chart generator: https://www.mql5.com/en/market/product/47197 The counter conveniently displays the number of ticks or transactions (depending on the chart) that need to pass for a new bar to start printing. The user can set the following indicator inputs. Volume type
    FREE
    The extreme volume indicator helps identify turning points in the market by pinpointing spots of higher than average volume. Such points usually indicate the start of a trend or a turning point in the market. The indicator averages out volume readings over an extended period of time and calculates a volume threshold level. When this level is breached, it identifies the most likely trend direction using the trend of the candle that breached the volume threshold. The direction indicator (red or gr
    CMI - Profit from trending and ranging markets. The CMI indicator is a two-part system used to trigger both trend and counter-trend trades, that has been introduced by Daniel Fernandez in an article published in Currency Trading Magazine (August 2011 issue). It is a simple, yet effective indicator, which gauges whether the market has behaved in a choppy (non-directional) manner or trending (directional) manner. CMI calculates the difference between the most recent bar's close and the close n bar
    The trend scalper candles are used to identify short-term trends based on the readings of the MACD, RSI and ATR indicators. All indicator calculations are visualized by candle colors which are overlapped on the chart. The indicator uses gray , green and red colors to paint individual candles, which gives you a lot of useful and easy to read information. Gray candles Gray candles indicate a range bound period and the information can be used to trade breakouts. Simply mark the high and low of th
    The professional line break chart generator is used to create live line break charts (i.e. 3 line break ). The chart is plotted using MT4's offline charging facility thus making it possible to trade* directly from the chart as well as attach any of the standard or custom indicators to perform technical analysis. The line break chart can be displayed as the most widely used 3 line break chart or a custom variation such as 2 or 5 line break chart . Wicks can be displayed or hidden on the chart - t
    A professional line break chart which is displayed directly in the chart window thus making it possible to trade directly from the MetaTrader 5 charts. The line break chart can be displayed as the most widely used 3 line break chart or a custom variation such as 2 or 5 line break chart . Wicks can be displayed or hidden on the chart - they give a lot of additional information regarding the underlying price action. The indicator's settings include: Line break number - determines the number of lin
    Robust trading panel for use on any symbol (including RangeBars or Renko custom symbols). The tool can be placed anywhere on the chart and offers the following array of features: One-click instant order entry. Pending order entry using horizontal lines on the chart Pending order entry using keys in Entry price (E/P) and optional Stop Loss (S/L) and/or Take Profit (T/P) A choice between fixed trading volume or risk-based volume calculation based on the available account equity, entry price, and t
    Create and trade timeframes in seconds. The bar time duration is freely adjustable from 1 second and up. The chart is accurately constructed using real ticks from the broker's server. Main characteristics The indicator is an overlay on the main chart, making it possible to utilize one-click trading and on-chart order manipulation. History calculated using real tick data. Built-in technical studies: 4 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick or rea
    The Trade Tracker Library is used to automatically detect and display trade levels on custom charts. It is an especially useful add-on for EAs that trade on custom charts in MT5. With the use of this library, the EA users can see trades as they are placed via the EA (Entry, SL & TP levels) in real-time. The header file and two examples of EA skeleton files are attached in the comments section (first comment). The library will automatically detect the tradable symbol for the following custom
    Filtrele:
    FXIA
    109
    FXIA 2022.10.10 02:53 
     

    My understanding is that this is not the same indicator that we know from this same publisher for use with MT4. It does not generate range bars based on the data you import yourself and then make an offline chart from that data. Instead it relies on data from the broker which may not be reliable. It means we cannot trade an EA based on this chart because it is displayed as an overlay and not a dedicated chart of its own. This is fine for manual trading but any automated trading is not possible. This is was a disappointment for me as I was accustomed to the MT4 version and took it for granted it would be similar. This indicator allow you to display an overlay of virtual candles calculated by: pips ticks points ATR percentage Maybe my review is too harsh then because it does more than one thing but unfortunately these are not tradable charts for EA's. For many people this indicator maybe worth 4 or 5 star review and rating. I just wish I had known what it was I was purchasing at the time. Maybe I can put it to use in the future.

    Frederico De Mello Amaral
    243
    Frederico De Mello Amaral 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
    3049
    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.

    accname
    385
    accname 2017.11.09 11:55 
     

    Genius!

    İncelemeye yanıt
    Sürüm 3.18 2021.07.28
    Bug fixes and code maintenance release.
    Sürüm 3.16 2021.05.10
    Added new dynamic range bar size algorithm (price % as used on Definedge TradePoint);
    Optimized indicator inputs;
    Fixed compatibility with StereoTrader when "Shift objects with chart" is set to YES.

    Sürüm 3.15 2021.05.06
    Fixed MA cross alert bug when the MAs used the shift parameter
    Sürüm 3.14 2021.04.28
    Optimization and code cleanup;
    Indicator parameters grouped into logical blocks;
    Added timeframe selection for ATR calculations;
    Simplified Moving Average inputs (merged ON/OFF and drawing type into a single input);
    Minor bug fixes.
    Sürüm 3.11 2020.09.24
    Added alerts for bearish or bullish only reversals
    Fixed compatibility issues with the latest MT5 builds
    Sürüm 3.10 2020.07.07
    Fixed LWMA indicator bug
    Removed "H1" timeframe restriction.
    Sürüm 3.9 2020.06.16
    Recompiled for better compatibility with the latest MT5 builds
    Sürüm 3.8 2020.03.26
    Fixed alert handler
    Sürüm 3.7 2020.03.25
    Memory usage optimization
    Sürüm 3.6 2020.03.22
    Optimizations
    Sürüm 3.5 2020.03.18
    FIxed ATR based range bar size calculation
    Sürüm 3.4 2020.03.17
    Code maintenance update
    Sürüm 3.3 2020.03.11
    Minor bug fixes
    Sürüm 3.2 2020.02.24
    Range bar size is now denoted in "ticks" for better compatibility with stocks, futures, and indices.
    Bar close projection colors are now taken from the candle colors (1 and 2).
    Minor bug fixes.
    Sürüm 3.1 2020.02.23
    Maintenance update
    Sürüm 3.0 2020.02.23
    Completely rewritten tick data engine (fixed all known and reported bugs found in the previous version)
    Added 4th MA
    Added Linear regression to the available MA types
    Added Keltner Channel to the available channel types
    Added optional trading session timespan with optional gray out of the after-hours zone
    Added more settings to the "Show pivot settings" dropdown
    Added optional price labels for MAs and Channel lines
    Consolidated alert setting inputs from 6 to 2 variables
    Minor bug fixes
    Sürüm 2.16 2019.09.05
    Bugfix for last bar refresh problem found in previous version
    Sürüm 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.
    Sürüm 2.14 2019.08.29
    Fixed problem with "invisible range bars" when backtesting with latest MT5 builds.
    Sürüm 2.13 2019.08.23
    Critical bugfix (fixed incorrect tick volume calculation for some historical range bars)
    Sürüm 2.12 2019.05.24
    Bugfix: fixed problem with certain settings resulting in a blank chart.
    Sürüm 2.11 2019.05.13
    Bug fix: Fixed backtesting bug
    Sürüm 2.10 2019.04.24
    Small enhancements & code cleanup
    Sürüm 2.9 2019.03.28
    Added signal candle's close price to alerts;
    Code cleanup.
    Sürüm 2.8 2018.12.19
    Bug fix & maintenance update
    Sürüm 2.7 2018.12.12
    Bug fixes
    Sürüm 2.6 2018.11.23
    Maintenance release
    Sürüm 2.5 2018.06.29
    Maintenance release - code optimization
    Sürüm 2.4 2018.05.15
    Bug fixes.
    Added: 2 MA cross alert (MA1 = fastMA, MA2 = slowMA)
    Changed: Alert settings
    Sürüm 2.3 2018.02.27
    Maintenance release
    Sürüm 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
    Sürüm 1.47 2017.06.16
    Bug fixes
    Added Bollinger Bands
    Added Super Trend
    Sürüm 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
    Sürüm 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)
    Sürüm 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.