The power of range bars

Quoting jmflukeiii

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I think part of why I like the 6E chart so much more is the full pip pricing. It makes finding S/R so much cleaner, in my opinion. I wonder if the range bar generators for MT4 could be altered to filter price such that price would only move once it had travelled to the next full pip, i.e. it would do nothing until price moved from 1.2451 to 1.2452 instead of dancing around at 1.24513.

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Quoting jmflukeiii

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I think part of why I like the 6E chart so much more is the full pip pricing. It makes finding S/R so much cleaner, in my opinion. I wonder if the range bar generators for MT4 could be altered to filter price such that price would only move once it had travelled to the next full pip, i.e. it would do nothing until price moved from 1.2451 to 1.2452 instead of dancing around at 1.24513.

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Quoting Demos4x

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{quote} I think you are describing renko charts, or am I wrong.

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Quoting thefxpros

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{quote} As far as i know, there are brokers that offer currency instruments as 4 digits and not 5, so you can get something very similar to 6E, 6A, 6J and so on. The first that come in my mind is IKON group. They offer the turbo meta trader with 4 digits.

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Quoting thefxpros

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{quote} yes, i have it on mt4 and also on ninjatrader, but in my opinion, range bars charts are better. If i find the ninjatrader plug-in in my external hard drive (that is like a jungle) i send you.

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jmflukeiii

Quoting thefxpros

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{quote} Hey do you know this chart type? As far as i saw from your trading style, maybe it can be useful for you. {image}

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Quoting jmflukeiii

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{quote} So FX, are you trading the indices primarily? Through Ninja or MT4?

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Quoting thefxpros

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tp hit for 30 pips profit! {image}

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