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0.5 Renko bars

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0.5 Renko bars

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  #1 (permalink)
Experience: Beginner
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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.

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 Big Mike 
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wavelet View Post
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.


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  #3 (permalink)
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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.

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Last Updated on March 5, 2014

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