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Direct MessagesDate/Time: Sun, 05 May 2024 12:08:24 +0000
[User Discussion] - aligned renko
View Count: 1156
| [2020-12-28 20:08:14] |
| User575399 - Posts: 305 |
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I read the aligned renko page but it still does not make sense to me the difference between "standard renko" and "aligned renko" ? Can someone put into laymens terms please? Thank you
Date Time Of Last Edit: 2020-12-28 20:09:03
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| [2020-12-30 08:06:17] |
| User90125 - Posts: 715 |
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For example, if the chart Tick Size is .25 and the Bar Size is 4 ticks, giving an actual Bar Size of 1.0, then the first Aligned Renko bar/brick does not begin until there is a price which evenly divides by 1.0. In other words, the opening price of a Aligned Renko bar will always be an exact multiple of the Bar Size.
More here: Renko Bar Charts: Opening Price for First Renko Bar and Alignment (Aligned Renko Bars) Date Time Of Last Edit: 2020-12-30 08:08:40
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