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Although all of the FxPM Trademark Strategies are executed with the Multi-Time Frame Matrices we still feel every trader should understand and be proficient in their charting skills. Our FxCharting Pro package was built with simplicity in mind yet is packed full of juicy Interbank Tools and Indicators. This charting package is an FxMechanics playground with everything a charting package can have, Including Range Bars!

FxCharting Pro Features

When we set out to put the ultimate charting package together we just had to include the Range Bar Charting. Range Bars are an old Interbank secret that is now making its way to the forefront thanks to FxPM. If your not familiar with Range Bar Charting lets first take a look at  conventional “time based” charts and compare.

If you click the chart below you will see that the candle sticks vary in size, some long and some are short.

The variance in size is because it measures the distance the price has traveled within a certain amount of time and then closes the bar. This is the most common way to look at a chart and do technical studies. Everyone who has ever traded Forex has probably used Time- Based Charting

We tapped into our tool box of Interbank secrets and came across a very unique yet simple new way to look at charts. If we are only concerned with Price Action because it is the most accurate leading indicator then why are we looking at time? Really we are only concerned with Price Movement and Momentum, so we completely eliminated the time factor giving you Complete Charting Clarity.

Now If you take a look at the chart to the left you will notice something very distinctive about the way the candlesticks appear.  They are all the exact same size, and  if there is a wick it can only be on one side.  Simplicity is the name of the game here, eliminating time form the chart takes all the confusion out of getting caught up in candle stick patterns, wip saw, etc… Because a Range Bar will only form after a certain amount of Price Movement it may form a bar in 1 minute or one hour depending on Price Action and Momentum.   Seeing Price movement from this angle offers you the trader a type of clarity that you can not see in other charting software.


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