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<p>The ideal settings for range-bar charts depend on the security, price, and amount of volatility.</p>
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<p>Scalping opportunities can be found by using range bars. Traders use range bars when the price changes by a certain number of points. Time does not matter. Only price movements are relevant.</p>
<p>A range bar is a vertical bar that has the same height and price increment and closes at the high or low, regardless of the opening price, on a chart. There is no time component as you would see with candlestick charts or bar charts.</p>
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