Did you read the grey text annotated in the chart also? (those are 18 PIP rangebars, created on an offline chart dynamically updating through the RangeBar program that I purchased). There is no timeframe...but you can say a pip frame...the M2 is just a unique chart TF that I used to create the rangebars upon, it is not a timeframe...just a unique identifier in a list of default timeframes, so that I may find it in the offline list box in MT4.
....but I believe the logic of this EA is in error. It does not use the "reverse of the long logic" when going short and I was hoping that a coder or funyoo could fix this error. It is one of the EA's that can be used with RangeBars (not all of them are compatible). But even for you "timeframe" traders...this EA should be corrected.
P.S. Why trade off of timeframes when you can use PIPS to build candlesticks with? The dead times correct themselves and the signals come earlier with indicators that are built correctly with the appropriate pipframe.
P.S.S. Folks, Please do not contact me or ask me where I bought the rangebar program...a simple google will suffice and answer all of your questions...funyoo would not appreciate commercial use of his website by the likes of me... a lowly trader who has nothing to sell..(but I am always looking for a free EA...so pay it forward if you found this post helpful and share an EA that works with me...pleeeese...I have great hopes for this EA with Rangebars but it takes months of forward testing. Perhaps one of you fellahs have done the time and will give me a freebie lol) ☺.