
Range Bar Chart is a utility for MetaTrader 4 that builds range bar charts from price movement instead of time. You can add indicators, expert advisors and scripts to the resulting chart.
Get one message the moment it launches, with its price.
Range Bar Chart is a utility for MetaTrader 4 that turns the price data of a symbol into range bar charts. In a range bar chart every bar covers the same price distance, and a new bar appears only after price has moved far enough, not after a set amount of time has passed.
A standard MT4 chart draws one candle per time period, such as one minute or one hour. This utility works differently. It reads the price history and the live feed for the symbol you pick and groups the movement into bars of a fixed size. While price stays inside the current range, no new bar is drawn. When price moves beyond the range, the bar closes and the next one begins. The bars can still have shadows, so you keep some detail about how price moved inside the bar.
The chart is built from stored history and then continues with live quotes, so it stays in step with the original chart without a noticeable delay. The result is a working chart window. You can add indicators, expert advisors and scripts to it in the same way as to an ordinary chart.
The utility can be used with the symbols that are available in your MT4 terminal. Because the bars depend on price distance, the timeframe of the chart you drag it onto does not matter. The quality of the range chart depends on the history your broker provides, so check that the symbol has enough data for the bar size you plan to use.
The utility has a small set of inputs. Bar size and other chart parameters are configured in the panel before you open each chart. Check the panel in your terminal for the full list of options and their allowed values.
| Input | Purpose | Notes |
|---|---|---|
| Toolbar size (%) | Scales all buttons of the toolbar up or down | Default is 100 percent |
| Graphic settings | Group of options for how the chart looks | Review the options in the terminal |
| Bar size | Price distance covered by each bar | Set per chart in the panel; pick a value suited to the symbol |
The utility does not trade, but the way you use its charts may lead to trading decisions. Range bars can look different from the time-based charts that an indicator or EA was designed for, so settings and signals may behave differently. Test on a demo account before using any tool on a live account.
Trading carries risk, and past results do not predict future ones. A chart type is only a way to display price and does not remove the possibility of loss.
Once the new chart is open, attach the indicators or tools you want to use and check that they load without errors in the Experts tab.
| Product type | Bot or utility |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Utility (chart tool) |
| Markets | Any symbol available in your terminal |
| Timeframes | Launch from any timeframe; bars are based on price range |
| Trade style | Not a trading robot; it only builds charts |
| Main input | Toolbar size (%), default 100, plus graphic settings |
| Requirements | MT4 terminal with history data for the chosen symbol |
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No. Range Bar Chart is a charting utility. It builds range bar charts and places no trades by itself. Any trading comes from the indicators, EAs or manual decisions you use on the new chart.
This version is made for MetaTrader 4 only. It will not load in MT5, so check that your broker account runs on MT4 before buying.
Open the Navigator window, find Range Bar Chart in the utilities list and drag it onto any chart. Set the chart parameters in the panel, then click the button that opens the range bar chart.
Yes. You can create several charts at once, each with its own bar size, and you can build charts for different symbols that your terminal offers.
Yes. The resulting chart is meant to be handled like a normal chart, so indicators, expert advisors and scripts can be added to it. Test each tool on a demo account first, because behaviour on non-time-based charts can differ from standard charts.
Any broker that offers MT4 should work in principle, provided the symbol and its history are available in your terminal. Check that your chosen symbol has enough history for the range size you want.
Range Bar Chart
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