Challenging, if not impossible
Far from average:
Ok, I was wondering if it would be possible to create a range bar calculator for metatrader. Here's a little piece on them:
Ok, I was wondering if it would be possible to create a range bar calculator for metatrader. Here's a little piece on them:
http://www.fibonaccitrader.com/HELP40/Range%20Bar/default.htm
This might be useful in filtering out chop.I don't think it's possible to do that. Metatrader wasn't designed with any ability to do something like that. It's the same reason we don't have true Renko or P&F charts.
Nah, didn't think so. It would be incredibly useful if we could do it though.
This is exactly what I have been looking for also. I know this thread is ancient but if anybody has made some progress on this method I would sure appreciate to hear it.
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Ok, I was wondering if it would be possible to create a range bar calculator for metatrader. Here's a little piece on them:
http://www.fibonaccitrader.com/HELP40/Range%20Bar/default.htm
This might be useful in filtering out chop.