Average TIME Per Bar indicator for Range Bars needed

Hi there, I have recently started trading with Range Bars and my trading has significantly improved.

With range bars new bars aren't drawn at fixed TIME intervals but rather fixed PIP intervals. This basically eliminates time completely and gives a much smoother view of a market that is either dead or breaking out.

What I need is a simple indicator, much like a moving average, but instead of averaging the movement, it must just average the time it takes each bar to form.

I unfortunately have no programming experience and I have searched for such a indicator everywhere and even attempted to learn to code but no success.

The indicator would give you a good and quick feel about the momentum in the market and should greatly improve your edge when trading with range bars.

TradingFX.com is the only place I could find such a indicator, they call it "APB" or "Average Price in Bar" but sadly it is not for sale on its own.

Thanks,
Christiaan

http://www.forexfactory.com/showthre...83#post5593683

Not exaclty what I was looking for but certainly usefull for anybody interested.

There is the renko_am indy attached that gives you the time a bar is open. You could then just drop a MA on top to see the average or maybe get it combined into one indicator. Ive been using it for various renko strategies to see where price has stalled.

Hope this helps

Mike

This needs a time per bar histogram as an indicator. Anyone have a link, or can make it? I used this method in futures, and want to transfer the charting type to MT4 just for curiosity sake. Any takers?

What's wrong with the one magft posted? It gives you the amount of minutes that a bar was open in a histogram.

Right, I would love to try it out, I can't remember exactly how to apply the charting to MT4. It used to be just a matter of adding the file to your indicator file? Is it any different? Or what am I missing here?

Thanks,

Seems to be a UAC issue....

It goes in your indicator folder. If you're using MT4 Build 600 or later, you need click on File, Open data folder, then open MQL folder. Your indicator folder will be in there.