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  #21 (permalink)  
Old 08-17-2008, 01:31 AM
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Quote:
Originally Posted by fxadvisory View Post
Hi Rick,

You would buy/sell when the first color change would occur. At least that is how I do it. The previous position is closed when the new position is opened.

happy trading.
Thanks for your answer.
When I look at a chart with this...Do the bricks underneath the price line up wih the price on the chart?

I have this on a 1 min. chart and i see different color changes under the price but not enough movement to warrant those changes
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  #22 (permalink)  
Old 08-17-2008, 11:05 PM
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Renko Indicator and Chart are not linked vertically

Hi Rick,

The indicator is completely independent of the horizontal time axis of the chart. Therefore, you will not see any vertical correlation at all between the 1 min chart and the Renko indicator. If you are using a 75 pip box and you can catch a 75 pip move within your screen view, you should see a new Renko Box appear.
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  #23 (permalink)  
Old 08-17-2008, 11:09 PM
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Optimal Renko Box Size

I use about 70% of the Average Daily range. I have chosen a fixed 75 pips based on visual comparisons with various box sizes. I also focus on EURUSD because of the low spread offerings and decent volatility.
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  #24 (permalink)  
Old 10-04-2008, 02:48 PM
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Renko on chart

Is thier any renko that shows on chart and not indicator window



Quote:
Originally Posted by MrM View Post
Hi,

has anyone ever tried to make renko charts (candles that are based on number of pips in one direction: candles close after e.g. 20 pips up or down, and don't close after a certain period of time e.g. 15min)? I have found a custom indicator that displays a renko indicator at the bottom of the chart, but I need the actual candles in my chart to be "renko candles".

thx
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  #25 (permalink)  
Old 10-07-2008, 11:31 PM
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I use Renko charts on another platform, it is great tool.
__________________
aka jbfx
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  #26 (permalink)  
Old 10-07-2008, 11:49 PM
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Originally Posted by Kenny Rogers View Post
I use Renko charts on another platform, it is great tool.
How do you trade using that renko Kenny?
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