Range Bar

[Apprentice]

Range Bar

Period Range is difference between the period maximum and minimum.

Generates a signal when Up or Down bar appear.

Up Bar
Open[period] < 1/3 of Periods Range
Close[period] > 2/3 of Periods Range

Down Bar
Open[period] > 2/3 of Periods Range
Close[period] < 1/3 of Periods Range

I made two versions an oscillator and an indicator.

Range Bar.lua

Indicator

(2.22 KiB) Downloaded 1099 times

Range Bar Oscillator.lua

Oscillator (Beta)

(2.18 KiB) Downloaded 1010 times

The indicator was revised and updated

[Apprentice]

Advanced Range Bar
If the Period Range is set to 1, behaves as a standard Range Bar.

If Not.
Range for a certain time frame, is calculated as the difference between the maximum and minimum for the Time frame.

Advanced Range Bar.lua

Advanced Range Bar

(2.46 KiB) Downloaded 1030 times

[Apprentice]

The Indicator was revised and updated.

[hadenfx]

Hi Apprentice, I couldn't see your latest file since you've mentioned "the indicator is revised and updated".
you've mentioned if i changed the perriod ='1', it will behave a range bar. does this refer to range bar by tick?

thanks for your help.

[Apprentice]

I couldn't see your latest file since you've mentioned "the indicator is revised and updated".

All old post files are updated.
Have NOT post any new file.

you've mentioned if i changed the perriod ='1', it will behave a range bar. does this refer to range bar by tick?

Timeframe reverses to how many candles will be used in the calculation.
1 - Only current candle
2 - the last two candles
and so on