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UniRenko on 2X and 3X higher time frame


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UniRenko on 2X and 3X higher time frame

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Houston, TX
 
 
Posts: 5 since Jan 2015
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Using NT8, I am working with a T2R10O5 UniRenko chart, and need to invoke two additional series UniRenko's on the same instrument that are about 2X and 3X longer. The first question is, in theory and in spite of overlap, to get a longer (greater time) Unirenko chart, does only the T (trend setting) need to be changed while keeping the other parameters the same? I believe you only need to alter the trend (T) setting, since a greater trend value will take a longer time to paint a new bar. The offset is simple bar appearance, and the reversal is for pivot points settings. Unless I have it wrong, and offset and reversal also contribute to time.

So, for example, is 2X basically T4R10O5, and 3X is T6R10O5, or does every element (T,R,O) need to be multiplied by a constant?

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