Hey guys, how much time is passed?? four years from my last post here! Some of you write me in private and this bring me some nostalgia. Maybe we can restart the thread?
Who is still using range bars?
First rule is not to lose. Second rule is not to forget the first rule...
After my familiarity with Range bars, analysing support and resistance levels became clearer.
I still use the techniques suggested by @thefxpros.
Bars (on Gold and Dax) give good results in line with BRN and PA.
I would also be happy if this topic gains interest again. And new knowledge/advice to improve results.
I can't remember who shared it now, but I know he ordered custom development and then shared it.
If I remember, I'll add his name.
Adjust the lines to suit your style of chart
I also use HA with auto width adjustment because you can see the S/R levels better when zooming out.
Seems like a small thing, but it saves a lot of unnecessary action every time you zoom change.
Did you ever tried line break charts? It is the chart on the right in attached pic. I'm steadly using it with range bars. They are amazing in analyzing price action. I attach the generator for mt4.
It is an indicator, not an ea. The procedure in order to create the offline chart is the same for range bars.
I scalp using range bar. I use quad rotation strategy by John Kurisko - can search in youtube. For the range bar setting, I go to normal 15 min chart of the pair, use ATR indicator and change the setting to 480 and the ATR value will be my RB setting. it works well, amazing in fact. I mostly trade divergence. Some good trades from yesterday.
