Anyone got any ideas here? Still can't find this. Just displaying bid or ask is not indicative of true market sentiment in my opinion. Guess it would be ok with a fixed spread broker, but with all these variable spread brokers out there there must be some way of doing this.
Does anyone have a tool that will build charts out of the average bid/ask instead of just the bid or ask.
Ignored
You did not specify what platform you use. Assuming MT4...I created the attached EA a few years ago to create up to 3 offline charts based upon the broker's live data feed. It has options for different chart types (Range Bar, Grid, Pivot, Tick, Time) and price types (bid, ask, avg).
I defaulted it for you to create 3 charts, all based on Average Price: Time (5 minute), Range Bar (10.0 pip), Grid (7.0 pip). Just attach the EA to any chart for the symbol you are interested in. See attached screenshot for an example of what the EA output will look like when the EA is running. Once running, you can open the 3 offline charts and use them like any online chart.
You can play around with the options per your requirements.
