Does anybody familiar with an MT4 rangebar indicator?Searched over the net,haven't really came up with something
Lol.Piper said:Yea,google is my friend,thanks
Piper said:BTW how can i reapply a script that's stopped? EG closed the terminal.. So i don't have to open the windows and re-apply the script again?Sorry for the noobish question,lol
Piper said:Hey Alpha!
From your response i'm understanding that you are using rangebars in your trading,and that you are also a pro.
Am i correct?I'm started to use them lately(with very good success rate) but i still got a few questions about the possible applications of the rangebar concept.And since its not really working with mt4 history(except crashing the platform ), back testing is impossible.
Like the modesty yes i know that part. I'm doing something like that too.Alpha-Bet said:Hi Piper. Yes I trade for income. I use range bars as well as time based charts. Concepts are the same. Divergence and expansion.
Piper said:And since with applied rangebars,my sucess is much higher then with time based charts, I think i will be more focused on trying to develop my strategies for price and not time concepts.
Anyways, I remembered in the later day the factor of five of Elder. Its basically breaking down the HTF to LTF. Since RB utilizing pure price-action and not time, I'm wondering(and started to test) if that same concept could be utilized to price,and determine market flow via higher range bars acting as HTF instead of time. Wonder if you tried, heard anyone who tried, and what do you think about the idea.