Switching the Focus to Price Range Bars cut out the time factor and just look at the symbol's price:
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Forming Bars: These bars show up based on price changes, nothing else.
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Seeing Volatility: More bars pop up when prices jump around a lot. When things are calm, you'll see fewer bars.
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Different Bars for Different Symbols: The number of bars you see depends on the symbol and the price movement you set for each bar.
Setting Up Range Bars in Mandala Margin Switching to Range Bars in Mandala Margin is straightforward:
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How to Switch: Click on the timeframe in the top left, find the Range section, and pick a number from 1 to 10,000 pips.
Diving into Range Bars
- Consistent Bar Size Every price bar in the Range has the same length:
- Making Sense: If you choose a 10 pip range bar, each bar on the chart moves 10 pips, either from high to low or vice versa.
- The Open-Close Connection The way Range bars operate is quite unique:
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Closing and Opening: Once a bar closes, the next one opens right there.
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Measuring the Range: Bars are all about highs and lows, not where they close.
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Breaking it Down: Bars show a set high/low range, each one starts beyond the previous one's range, and they wrap up at their peak or trough.
- Characteristics of Range Bars Here's the gist:
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Uniform Moves: Every bar has the same price step.
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Bar Closures: A bar ends at its range's top or bottom, no matter where it started.
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Custom View: Want to see specific tick moves on your chart? Adjust the chart's range setting.
- Cleaning Up the View Range bars, like Renko, simplify the picture:
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Less Clutter: They group smaller price moves, making things less messy.
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Spotting Trends: Fewer distractions make it easier to draw trend lines. In Mandala Margin, support and resistance zones pop up on their own. Hover over a line to get the details right on the chart.
Harnessing Range Charts
- Why Use Range Charts?
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Simplified View: Range charts present prices in a combined form.
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Noise Reduction: Most of the chatter gets compressed into one or two bars, waiting for the set price range to complete.
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Trendline Prowess: These charts are popular for trendline drawing. Horizontal lines spotlight support and resistance zones, while up and down lines mark trending phases.
- Practical Insights
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Visual Aid: Imagine a 10-pip EURUSD Range bar chart. Horizontal trendlines reveal a pattern: the more the price zigzags within a range, the stronger the eventual break might be.
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Common Strategy: Here's a pro tip – frequent touches on up and down trendlines indicate a stronger potential shift when the price finally moves past.

Channeling Price Movements
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Case in Point: Consider a 1-pip EURUSD Range bar chart showcasing two parallel downtrend lines.
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Trendline Harmony: The affinity of trendlines with range bar charts is evident. The reduced noise makes trends more discernible and analysis clearer.
Advantages of Using Range Bars
Trade Relevance
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Direct Connection: The primary advantage of a Range bar is its direct relation to real trades. It offers information that’s immediately relevant.
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Time vs Price: Traditional time-based signals lag inherently. They require the price action to develop before they become visible. Conversely, Range bars sidestep this delay. They reflect the actual price behavior of an asset over an undetermined time span, making them a favored choice among traders.