Renko - Interval
Renko charts displays each brick as a fixed equal size. The Brick Size is the minimum price movement needed for a new brick to be drawn. The Brick Size must be greater than the minimum move, and should be evenly divisible by the minimum move or rounding errors may occur.
The Brick Offset defines the amount the open price of the new bar is offset from the open of the previous bar. Also, it specifies the difference in closing prices of a new bar and the previous bar, moving in the same direction. For a Mean Renko chart, the offset is locked at half the brick size.
Renko charts have a fixed interval setting of 1 Tick. As a result, loading longer range Renko charts may take some time. Since Renko charts are drawn using one tick, they may be limited to a 6 month time frame. For more information, see Renko Chart.
Access using the Chart Analysis Style > Renko menu sequence.
or
Access
using the Chart Analysis Data > Edit Symbol menu sequence, click the Settings
tab, and under Select Interval choose Renko.
or
Access
using the Chart Analysis TimeFrame > Customize menu sequence, click the Settings
tab, and under Select Interval choose Renko.
- Select the Classic, Mean, or Custom Renko chart.
- Enter the amount that will return the integer value it will represent in the Brick Size box.
-
Click
OK to apply changes or Cancel
to exit without changes.