Range Bar Chart on MT4 - page 4

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toddanderson:
What size range, bar would you use for the Euro/USD ?

I like 10 as a range for this pair.

 

Can't remember bar tick volume indicators name - help!

Thousands of indicators and when you see one you like you quickly forget its name if you do not start using it.

I am looking for an indicator that showed within the painted ohlc bar or candle bar that area where the larger volume of ticks are occurring.

Anyone know of it.

Thanks in advance for any replies.

 
scottcap:
Thousands of indicators and when you see one you like you quickly forget its name if you do not start using it.

I am looking for an indicator that showed within the painted ohlc bar or candle bar that area where the larger volume of ticks are occurring.

Anyone know of it.

Thanks in advance for any replies.

Equivolume?

 
Linuxser:
Equivolume?

No not Equivolume.

This indicator showed within the painted candlestick bars or ohlc bars the price area where the majority of ticks were taking place. A standard bar paints the high low open close prices where , as an example, a single tick can give the high price for the bar but this may be misleading as the majority of trading is being done at a lower price within that bars high low range.

If I remember correctly it put hash marks on the bar being painted showing the price area that most of the ticks were occurring.

 
scottcap:
No not Equivolume.

This indicator showed within the painted candlestick bars or ohlc bars the price area where the majority of ticks were taking place. A standard bar paints the high low open close prices where , as an example, a single tick can give the high price for the bar but this may be misleading as the majority of trading is being done at a lower price within that bars high low range.

If I remember correctly it put hash marks on the bar being painted showing the price area that most of the ticks were occurring.

Understood, I guess should be this one https://www.mql5.com/en/forum/173721

 
Linuxser:
Understood, I guess should be this one https://www.mql5.com/en/forum/173721

No not marketprofile although the principle is somewhat the same, the marketprofile shows in horizontal graphical form how many times a particular price traded over a period of time. The time frame can be daily or set based on the number of past bars depending on what version of marketprofile is being used.

The indicator I am looking for shows within each vertical painted bar where the most accumulation of ticks is occurring for that bars particular time frame.

Thanks for the reply!

 
scottcap:
No not marketprofile although the principle is somewhat the same, the marketprofile shows in horizontal graphical form how many times a particular price traded over a period of time. The time frame can be daily or set based on the number of past bars depending on what version of marketprofile is being used.

The indicator I am looking for shows within each vertical painted bar where the most accumulation of ticks is occurring for that bars particular time frame.

Thanks for the reply!

Bill Williams MFI do something similar but with volume.

Some people consider ticks as a representation of volume. We could talk about why this is not true in retail forex where you have pips and not ticks but that's another history.

Market Facilitation Index comes by default with MT4.

 

How do you think about Woodie CCI

Someone says it does not work with forex.

 

We have many threads in our forum about CCI Woodies:

- SuperWoodieCCI.

Indicators, trading systems, descriptions, instructions/manuals, wcci patterns and how to trade and so on. Very good thread.

- WCCI indicators' system. Just one system without description.

- Woodie's choppy zone indicator Something about one indicator.

- Jurik Woodie CCI;

- SideWinder for CCI;

- CCI Filter;

- modified version of Woodie CCI (thanks Linuxser).

- https://www.mql5.com/en/forum/177881

- ZZi version of the CCI for OverBought and OverSold levels is here https://www.mql5.com/en/forum/175946

- CCI Woodie like: good thread https://www.mql5.com/en/forum/176411 with some new indicators on the first ost and detailed explanation about how to trade.

 
huyi_zg:
Someone says it does not work with forex.

Someone is wrong !

Range bar indicator from Michal is the best thing since sliced bread.

Had it a few weeks and it is bomb proof

Mart

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