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Searching for a bar type that is not Renko or Range bars

  • #1
  • First Post: Apr 23, 2012 9:07am Apr 23, 2012 9:07am
Hi all,
I'm looking for a bar type that prints a new bar when 'x' pips (lets say 20) is reached in either direction from the OPEN. I guess it would be like renko bars that can print next to each other...

does that make sense, does a chart like this have a name? Has anybody used this?

Thanks in advance!
Stuart
  • #2
  • Apr 23, 2012 12:28pm Apr 23, 2012 12:28pm
Quoting stubish
Hi all,
I'm looking for a bar type that prints a new bar when 'x' pips (lets say 20) is reached in either direction from the OPEN. I guess it would be like renko bars that can print next to each other...

does that make sense, does a chart like this have a name? Has anybody used this?

Thanks in advance!
Stuart
I call them Grid bars...don't know of any "official" name for them. I messed with them a little a while ago, but prefer Range bars instead. Here is a screenshot of a 12.5 pip Grid bars from last October:
Attached Image (click to enlarge)
Click to Enlarge Name: grid_bars.gif Size: 16 KB
  • #3
  • Apr 23, 2012 2:40pm Apr 23, 2012 2:40pm
thanks, anybody got an EA or script for it?
  • #4
  • Apr 23, 2012 3:18pm Apr 23, 2012 3:18pm
Quoting zznbrm
I call them Grid bars...don't know of any "official" name for them. I messed with them a little a while ago, but prefer Range bars instead. Here is a screenshot of a 12.5 pip Grid bars from last October:
@zznbrm:
Could you please post this "Grid bars"-indi here?
Would be great.
Thanks Zack
  • #5
  • Apr 24, 2012 6:11am Apr 24, 2012 6:11am
Quoting zackery
@zznbrm:
Could you please post this "Grid bars"-indi here?
Would be great.
Thanks Zack
Hello! join in the request. Please Put the indicator bars.

with respect DaytraderUA
  • #6
  • Apr 24, 2012 11:04am Apr 24, 2012 11:04am
and in addition :
Is there a "Renko"-indi or "Renko"-Script that works online with the normal MT4-Timeframes (like 5,15,30,etc.) ?
Thanks for an Info.
Greetings Zack
  • #7
  • Apr 24, 2012 12:56pm Apr 24, 2012 12:56pm
Quoting zackery
@zznbrm:
Could you please post this "Grid bars"-indi here?
Would be great.
Thanks Zack
I have an EA that creates multiple offline charts of various types (Range, Pivot, Grid, Tick, Time, Retrace). However, my EA only does live charting. It does not use the historical data (M1) to create history bars. Why? Because, to me, I only want accurate data...and in MT4, your best chance at accurate "exotic" bar charts is using ticks.

So, I hesitate to post the EA because chances are very good you will not like it. Most people want the historical bars also (even though they are usually not accurate).

Having said that...if you still want me to post it, I will. But your best bet is to simply update one of the Renko/Range bar generators (available on this site) to create Grid bars. It should be an easy change to make...probably only a few lines of code.

Good luck.
  • #8
  • Oct 16, 2015 3:01am Oct 16, 2015 3:01am
Hi

This is exactly what i am looking for. Did anyone find something?
  • #9
  • Oct 16, 2015 8:29am Oct 16, 2015 8:29am
The name is Point Original Chart, I found it among commercial charting packages.
  • #10
  • Oct 17, 2015 1:31pm Oct 17, 2015 1:31pm
Thank you Halley. At least i have the name now

Quoting Halley
The name is Point Original Chart, I found it among commercial charting packages.
  • #11
  • Oct 17, 2015 1:46pm Oct 17, 2015 1:46pm
Quoting stubish
Hi all, I'm looking for a bar type that prints a new bar when 'x' pips (lets say 20) is reached in either direction from the OPEN. I guess it would be like renko bars that can print next to each other... does that make sense, does a chart like this have a name? Has anybody used this? Thanks in advance! Stuart
point & figure ?
Dont Follow The Mass !!!
  • #12
  • Oct 18, 2015 4:00pm Oct 18, 2015 4:00pm
I hope this is what you are looking for.... It is an EA, not indicator


Attached File(s)
File Type: mq4 rangeboxsize.mq4   11 KB | 893 downloads
  • #13
  • Oct 18, 2015 4:07pm Oct 18, 2015 4:07pm
Thank you very much Hun, this is what i have been looking for.

Quoting GoldTheHun
I hope this is what you are looking for.... It is an EA, not indicator {file}
  • #14
  • Oct 18, 2015 4:24pm Oct 18, 2015 4:24pm
Quoting arelbilger
Thank you very much Hun, this is what i have been looking for. {quote}
Great.. Good luck...
  • #15
  • Oct 18, 2015 5:37pm Oct 18, 2015 5:37pm
Probably the EA has to be modified because it doesn't show any offline chart. If i change the offline time frame at properties of the EA (from m2 to m3) it shows an m2 offline chart but doesn't update. i have found another EA named Constant Range Detector. It was made in 2012 and needs to be updated
  • #16
  • Oct 18, 2015 8:23pm Oct 18, 2015 8:23pm
Quoting arelbilger
Probably the EA has to be modified because it doesn't show any offline chart. If i change the offline time frame at properties of the EA (from m2 to m3) it shows an m2 offline chart but doesn't update. i have found another EA named Constant Range Detector. It was made in 2012 and needs to be updated
It works on my platform. You have to allow dll imports and check the "allow live trading" in properties. Make sure you attach it on 1 minute chart..
  • #17
  • Oct 19, 2015 2:07am Oct 19, 2015 2:07am
Quoting GoldTheHun
{quote} It works on my platform. You have to allow dll imports and check the "allow live trading" in properties. Make sure you attach it on 1 minute chart..
That is what i have done but it didn't work. i'll try to figure out why it doesn't.
  • #18
  • Dec 20, 2015 11:06am Dec 20, 2015 11:06am
Quoting zznbrm
{quote} I call them Grid bars...don't know of any "official" name for them. I messed with them a little a while ago, but prefer Range bars instead. Here is a screenshot of a 12.5 pip Grid bars from last October: {image}
yeah, the official name for them is point and figure.
  • #19
  • Last Post: Aug 2, 2016 7:12am Aug 2, 2016 7:12am
Quoting GoldTheHun
I hope this is what you are looking for.... It is an EA, not indicator {file}
Guys, do you have an update for this indicator? its not working anymore

regards, Andres
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