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. This also enables the trader 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 2 moving averages, that can be customized according to the user's needs.
Additionally a Donchian Channel can be displayed directly on the range bar charts as well.
The individual studies can be turned On/Off based on the traders preference.
Range bar settings include:
- Range bar size denoted in ticks
- Start building chart from date/time
- Synchronize first bar's open on new day (true/false)
Settings for additional information:
- Show current bar's close projections (true/false)
- Bullish bar projection color (color selection)
- Bearish bar projection color (color selection)
- Display current bar's open time (true/false)
- Current bar's open time info color (color selection)
Audio and visual alerts:
- Play sound on new bar (true/false)
- Only play sound on reversals (true/false)
- Display Alert window with new bar info (true/false)
- Send new bar info push notifications to smartphone via Metatrader App (true/false)
- Use sound file for bullish bar close (file selection)
- Use sound file for bearish bar close (file selection)
- Show first MA (true/false)
- 1st MA period
- 1st MA method (Simple / Exponential / Smoothed / Linear Weighted)
- 1st MA apply to (Open / High / Low / Median Price / Typical Price / Weighted Close)
- Show second MA (true/false)
- 2nd MA period
- 2nd MA method (Simple / Exponential / Smoothed / Linear Weighted)
- 2nd MA apply to (Open / High / Low / Median Price / Typical Price / Weighted Close)
- Show Donchian Channel (true/false)
- Period of averaging (for Donchian Channel)
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
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)