Actual Renko - Page 3

RickW00716 · #21 (**permalink**) 08-17-2008, 01:31 AM

Quote:

Originally Posted by fxadvisory

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

fxadvisory · #22 (**permalink**) 08-17-2008, 11:05 PM

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.

fxadvisory · #23 (**permalink**) 08-17-2008, 11:09 PM

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.

toddanderson · #24 (**permalink**) 10-04-2008, 02:48 PM

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

Quote:

Originally Posted by MrM

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

Kenny Rogers · #25 (**permalink**) 10-07-2008, 11:31 PM

I use Renko charts on another platform, it is great tool.

darkkiller · #26 (**permalink**) 10-07-2008, 11:49 PM

Quote:

Originally Posted by Kenny Rogers

I use Renko charts on another platform, it is great tool.

How do you trade using that renko Kenny?

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