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| New type of Renko chart: 'Renko by 1 brick' |
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Frank_
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| Post subject: New type of Renko chart: 'Renko by 1 brick' |
Post rating: 0
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Posted: Sat 31 Mar, 2018, 15:13
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User rating: 2
Joined: Tue 16 Aug, 2011, 19:01
Posts: 70
Location: ItalyItaly
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Hi,
I'd like to suggest to implement a new type of Renko chart, I called it "Renko by 1 brick" simply because the price moves always by 1 brick either it is in trend or when it changes direction.
This doesn't happen with Traditional Renko where if there is a change of trend then the price moves by two levels (bricks).
The idea is enough chear looking at example chart that I attached.
Best regards,
Frank
| Attachments: |
File comment: Sugestion chart 'Renko by 1 brick'
2018.03.31 Suggestion chart 'Renko by 1 Brick'.pdf [15.99 KiB]
Downloaded 162 times
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Platform Support
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| Post subject: Re: New type of Renko chart: 'Renko by 1 brick' |
Post rating: 0
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Posted: Fri 25 May, 2018, 16:31
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| JForex Master |  |
User rating: ∞
Joined: Wed 16 Sep, 2009, 18:23
Posts: 1049
Location: Geneva, Switzerland
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This is rather innovative idea and pretty far from the original Renko described by Steve Nison. I think we will not implement it unless this concept becomes very popular.
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