RANGEBARS

Range bars appear as a sequence of uniformly sized bars that connect at their corners and sometimes sit adjacent to one another. These charts are independent of time and are determined only by price action. Ascending bars are colored green, and descending bars are colored red.

Range bars are constructed by assigning a ‘range’ value for each bar to represent. A new bar is drawn when the price moves above or below the amount signified by the previous range bar. Ascending bars adjacent to descending bars indicates price oscillation between the high and low of the bars. Bars obey three rules of construction:

• Bars extend the length of the specified range.
• Bars open at the close of the previous bar.
• Bars must close at either the high or low value.