- June 25, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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Author: | regfreak (2010.02.16 10:56) | |||
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To see the renko box on normal TF... or not!!! Try the renkoshade on renko chart!
Put the renkoshade2 on a renko chart, it will provide you 'multi renko' view. See attached picture. Picture 1: RenkoShade 10 on TF M5 --- Logic of drawing renko boxes taken from renkolivechartv32. version 2_1 does not need to import external experts |
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Unfortunately, rlc32 doesn't draw a Renko chart, it draws something closer to range bars and tries to make it look like Renko. Renko charts use CLOSING PRICE, rlc32 is constantly monitoring the BID price and drawing a bar the instant the block size is reached. That's not a Renko chart. A real Renko chart would only be checking once per bar (i.e. at the close) and adding the appropriate number of "bricks". It's possible to add multiple bricks at once. 21.11.2011 15:35 dlewisfl
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