Range Bar Indicator

I am l am looking for a custom indicator written in MQL for meta trader softwarte, the indicator is called range bar,? Sometimes referred to as Constant Range Bars or Nicolellis range bars they basically ignore the time element and will form a new bar after a specific range has been covered low to high or high to low

**Range Bars** are price-driven bars, with each bar having a required minimum high-low range.? Once the range requirement is reached, the first tick to break outside that range will begin a new bar (and become the opening price of that new bar).? ? A 0.75 Range Bar chart of ES with volume can be seen below. Notice that the height/range of each bar is 0.75.? Also notice that each bar opens at a price outside of the high/low range of the previous bar.? And last, notice that each bar closes at either it's high or it's low.? These are the three rules of range bars.? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Each bar must have a high/low range equal to the range specified. The high/low range of a bar can exceed the range specified in certain situations (gaps) but can never be less that the range specified.

Each bar must open outside the high/low range of the previous bar.

Each bar must close at either it's high or it's low.

With Range Bars (and Change Bars), new bars will only be formed when price is moving.? ? When prices gets stuck in a tight range for an extended period of time, horizontal screen real estate will not be wasted with multiple bars that would have formed had the periodicity been volume or time driven.

For Range Bars, the high/low range of each bar is essentially held constant, while time and volume are variables.

if you want more information about the range you can view the folloing link

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## Deliverables

1) Complete and fully-functional working program(s) in executable form as well as complete source code of all work done.

2) Deliverables must be in ready-to-run condition, as follows? (depending on the nature? of the deliverables):

a)? For web sites or? other server-side deliverables intended to only ever exist in one place in the Buyer's environment--Deliverables must be installed by the Seller in ready-to-run condition in the Buyer's environment.

b) For all others including desktop software or software the buyer intends to distribute: A software? installation package that will install the software in ready-to-run condition on the platform(s) specified in this bid request.

3) All deliverables will be considered "work made for hire" under U.S. Copyright law. Buyer will receive exclusive and complete copyrights to all work purchased. (No GPL, GNU, 3rd party components, etc. unless all copyright ramifications are explained AND AGREED TO by the buyer on the site per the coder's Seller Legal Agreement).

## Platform

windows XP

Ingenieurwesen Microsoft MySQL PHP Softwarearchitektur Testen von Software Windows Desktop

Projekt-ID: #3196544

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