0.5 Renko bars

February 11th, 2014, 05:42 AM

Hello all.

0.5 Renko bars is most commonly used type of chart on youtube MarketDelta videos. Couldsome explain what the difference between NinjaTrader 1 renko bar and 0.5Renko in MarketDelta

Thank you.

February 11th, 2014, 12:09 PM

wavelet

Hello all.

0.5 Renko bars is most commonly used type of chart on youtube MarketDelta videos. Couldsome explain what the difference between NinjaTrader 1 renko bar and 0.5Renko in MarketDelta

Thank you.

If it's on the ES, isn't 0.5 just 1/2 a point aka 2 ticks or 2 Renko.

Mike

March 5th, 2014, 05:40 AM

its just the ticks up and down the price has to move to build the brick, as @Big Mike says depending of the contract the bricks can be sized differently. Or otherwise depending on how muc of the price action you want to smooth out. In practice its just a subjective setting.

Hope that helps.

0.5 Renko bars

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0.5 Renko bars