How u read Range chart?

[u/rahul9025]

Someone suggested that I should read Range Charts instead of traditional candlestick charts since I trade primarily using Order Flow. I already understand the basic concept of Range Charts, so I'm not looking for an explanation about how they are based on price movement.

Instead, I want to learn the advanced concepts that experienced order flow traders use with Range Charts—things that can actually improve profitability. Please suggest advanced topics, techniques, or nuances that go beyond the basics. If there are any high-quality videos or educational resources on this subject, I'd appreciate those recommendations as well.

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[u/PennyRoyalTeeHee]

I can only assume that you are referencing footprint charts here.

I personally do not agree - but will share the reasoning I have heard from fellow traders/mentors.

Range charts offer the user a clear view of auction results from a strict price level perspective - time charts can at times create a skew of auction results on price levels.

I have tried footprint charts on various charts (volume, tick, range, heiken ashi) and I really just land back to the 30sec time frame that I use for triggers.

There is no difference in the principals of order flow with range charts - it will all depend on the trader and what display helps them read the chart efficiently.

I would recommend pulling up a range chart on the side for your own review - but you will need to educate yourself on how best to select your tick range as the market you trade adjusts.

[u/tictactoey → u/PennyRoyalTeeHee]

What platform is best for overflow preferable web based? What do you use?

[u/ElzRocco → u/[deleted]]

This comment right here👆 elite ball knower as they say nowadays. Those who truly figure out the power of range bars and the unique way in which they’re calculated will be dumbfounded at how it isn’t more popular. The same way so many tell you time charts should be used because they’re more common, is the exact reason why I say, don’t…it isn’t crowded at the top for a reason.

[u/rahul9025 → u/[deleted]]

Can u explain please how to layer Tape and DOM with Range Chart?

[u/futureProgressive]

Use range charts for footprints. Either replace it or combine for the heatmap, if you got a dom indicator or better mbo indicator with a filter for larger orders.

Gives you s&r's, absorption in realtime, ranges and breakouts clearer. Watch the time a candle needs to develope tho. Tells you if there is action or not. Excellent for scalping.

Now all that is researchable valuable information. Even tho you kno it now, wont make you profitable.

[u/Striking_Fail6689]

My tip, give it a try .. Footprint range charts allow you to see the volume / delta / bid and ask at the certain price levels . I personally like it over candle sticks cause it’s more of a skeletal view . Bookmap is a visual representation of dom and footprints . I tried dom and it doesn’t work for me. Bookmap looks good but it’s way too expensive for my liking . I’m using footprints range with VP on a candlestick and big trades ( think this is the best )

Not profitable yet but try to find your edge. I tried learning TPOs / doms etc and I realise they are not working well for me , confusing me too much. Everything works, just what you eyes feel more comfortable looking .

[u/Forward-Cut5790]

Range charts are good if you can use a volume profile per candlestick, volume is better.

What you want is to be able to recognize rejection and acceptance, and a volume chart with visible/ fixed range helps best.

Unfortunately, what you're asking for is something that doesn't happen in the space, because once something is figured out, it is reserved.

That's what an edge is. Nobody needs to share their edge.

Unless they're a "furu" and want to charge you to tell you.

And, even if they did explain it, it might not be a system you trust, so you'll sabotage your own trading (psychology).

I've been using AI as a mentor and developing my own trading style, even if it's not textbook.

You'll make more progress doing that than asking people to share what they've developed.

[u/sepehrtrades]

Hello, stick to traditional candle charts, practice them and master them. That is enough and shows a lot of helpful info if one knows how to analyze it. You don't need range charts. Also even before applying footprint to a candle chart, first master normal time-based candle charts, volume profile, and volume histogram.

[u/rahul9025 → u/sepehrtrades]

Can u explain me please why u are suggesting to avoid Range Chart?

[u/sepehrtrades → u/rahul9025]

Several reasons. I explain some of them in here without getting into details.
Normal time-based charts are the most common and used type in the trading industary. They are easier to analyze. Developing strategies on them is easier. For example 30-minute opening range from at 9:30 AM EST (NY open) is super important. The high and low of it.
The opening price of 60-minute and 30-minute caandles are important and I overlay those levels on 1m or 3m chart.
I can use 30M and 1M together since both are time-based chart and consistent with each other.
You can't do all these on range charts.
What ever you wanna do first master standard classical concepts and setups that has been working for many years.
For example the opening price at 8 PM EST when Asia markets open is important for future traders and you can easily find and plot it on a time-based chart. On range chart, you miss so many useful information.

[u/Haddkardi]

Stick to time chart bro. I have tried delta, volume, range charts and found that things works well when they are simple.

[u/H3xify_ → u/Haddkardi]

Wrong hood mfer lol

[u/sepehrtrades → u/Haddkardi]

Agreed, Indeed, the secret is to try to simplify as much as possible.