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Creating Equivolume and Range Bars in a Strategy Tester

Article MQL5 code base
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Summary

The document describes an updated script for preparing data used by a trading strategy tester. It highlights three charting capabilities: building timeframes at any whole-second multiple, generating range bars with equal-height candles, and producing equivolume charts. These options extend chart construction beyond the platform’s standard timeframes and time-based bars.

An equivolume chart can use a period as short as one tick, allowing tick charts to be displayed in the tester’s visualizer. The document gives no implementation details, performance evidence, or instructions for configuring the script; it points readers elsewhere for further information. It therefore introduces chart types and their stated capabilities, but does not explain how to interpret them or establish that they improve a trading strategy.

Key ideas

  • The script supports custom chart timeframes in whole-second multiples.
  • It can generate range bars whose candles have equal heights.
  • It can create equivolume charts with periods as short as one tick.
  • The document describes tester charting capabilities but provides no strategy results or setup instructions.

Tags

BacktestingTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.