|
New signals service! |
|
|||||||
| Register in Forex TSD! | |
|
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information |
|
 |
|
|
LinkBack | Thread Tools | Display Modes |
07-10-2006, 03:37 PM
|
||||
|
||||
|
Renko and 3 line Break
Hi
Is there Renko and 3 line Break indicator for metatrader like what matestock drawn? I showed metastock Renko and 3 line Break indicator in pictures.
__________________
health & wealth , success & happiness Last edited by kohzadi; 07-10-2006 at 03:53 PM.     
|
|
07-10-2006, 04:23 PM
|
|||
|
|||
|
Quote:
Could you please share your MetaStock formulas? Thank you
|
|
07-10-2006, 04:45 PM
|
||||
|
||||
|
Quote:
Renko and kagi... Raff
__________________
http://www.gummy-stuff.org/raff-regression.htm http://www.try-your-luck.com/ Lost in action ;-)... just_raff1410[at]yahoo.com
|
|
07-10-2006, 05:06 PM
|
|||
|
|||
|
Quote:
Kagi, Renko and other ... - Nisson. http://www.forex-tsd.com/indicators-...icator-tlb.htm And please find all that I have inside my compuiter concerning Renko for MT3 and MT4.
|
|
07-10-2006, 05:11 PM
|
|||
|
|||
|
Yes, and Kagi.
|
|
07-10-2006, 05:14 PM
|
||||
|
||||
|
Hi hellkas
Renko and 3LB are two type of price charting and MS don’t give any formula. This is a brief explanation about Renko. The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks. Renko charts were introduced by Steve Nison (a well-known authority on the Candlestick charting method). Renko charts are similar to Three Line Break charts except that in a Renko chart, a line (or brick as they are sometimes called) is drawn in the direction of the prior move only if a fixed amount (i.e., the box size) has been exceeded. The bricks are always equal in size. For example, in a five unit Renko chart, a 20 point rally is displayed as four equally sized, five unit high Renko bricks. To draw Renko bricks, today's close is compared with the high and low of the previous brick (white or black). When the closing price rises above the top of the previous brick by the box size or more, one or more equal height, white bricks are drawn in the next column. If the closing price falls below the bottom of the previous brick by the box size or more, one or more equal height, black bricks are drawn in the next column. If the market moves up more than the amount required to draw one brick, but less than the amount required to draw two bricks, only one brick is drawn. For example, in a two unit Renko chart, if the base price is 100 and the market moves to 103, then one white brick is drawn from the base price of 100 to 102. The rest of the move--from 102 to 103--is not shown on the Renko chart. The same rule applies anytime the price does not fall on a box size divisor. Indicators calculated on renko charts use all the data in each column and then display the average value of the indicator for that column. Hope useful
__________________
health & wealth , success & happiness
|
|
07-10-2006, 05:21 PM
|
|||
|
|||
|
And the other 3LineBreak.
May be different.
|
|
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Simple Trend Line Break | astro | Questions | 20 | 07-13-2008 06:12 PM |
| 3 line break | RickW00716 | General Discussion | 2 | 04-12-2007 10:10 AM |
| Please fix indicator 3 line break | toddanderson | Indicators - Metatrader 4 | 2 | 02-19-2007 11:00 AM |
Linear Mode
