![]() Effectively this filters out the noise that you would see on a normal chart, as the chart is then based solely on price action.Such a chart offers the following advantages: The result is a chart with equally sized bars running up or down in 45 degree angles. In a Renko chart, a bar is created when price exceeds the previous bar’s high or low by a predefined amount or what we call the Box Size. Instead of drawing bars in constant intervals (time) as a normal chart would, a Renko chart does so only when price moves beyond a predefined amount. Renko is a well-known Japanese charting technique that removes time from the chart. Configuring the Live Renko Charts Indicator for MT5
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |