DEMO VERSION: Only the range size parameter can be configured.

• range size: range, size of each bar

This indicator draws “Nicolelis Range Bars”.

The indicator analyzes price changes, so it does not depend on time.

Construction method:

Note:

• If the quote goes up, but later goes down, without reaching the size of the “range”, the bar will not be closed. In this case, the base price for a possible downward movement will be the highest price reached. In the same way, if the quote goes down, but later goes up, without reaching the size of the “range”, the bar will not be closed. In this case, the base price for a possible upward movement will be the lowest price reached.
• The bar will not close until the” range ” up or down is reached. Thus, the bars will always have the same size: the specified value of the “range”.