Point Original charting for Metatrader 4

A better alternative for renko bars

As seen on the NinjaTrader platform! An alternative for range & renko chart users. Unlike traditional range bars, Point-O bars hold the range from open to close at a constant level. They only require the price to retrace to the original open value of the previous bar in order to form a new bar. This form of charting makes it very easy to spot support & resistance levels and simplifies catching of reversal points.

This charting type also enables the trader to maintain the correct OHLC values for a given day (ones that correspond to the day’s Open, High, Low & Close values) by providing a special setting which enables this feature (notice the circled points on the chart, where the open price have been reset when the new day started on the charting platform).

PointO charts can be accurately backtested with 99% modeling quality!

The software needed for this:

Features



  • Highly optimized C++ engine for bar calculation. The plug-in remains stable even in fast moving markets (i.e. during news releases).

  • Plug-in supplied as indicator compilation – this enables you to setup several PointO bar charts from a single 1M chart.

  • Bundled with PointOChart_info indicator, which displays the High and Low thresholds for the current bar plus bar size information.

  • Optional sound or alert popup on bar close.

  • Compatible with all Metatrader4 brokers.

  • Full PDF documentation included.

  • Lifetime updates (via online updater) included.

  • Low price & one time payment only.

  • Instant download!

  • Compatible with all of the latest MT4 builds

PointO charts are now part of the robust Ultimate Renko plug-in

Please visit the Ultimate Renko page for more information, a free trial version, and pricing options…

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Rating: 8.4/10 (22 votes cast)
Point Original Bars for Metatrader, 8.4 out of 10 based on 22 ratings
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