Im familiar with renko bars and the stacked " bricks " they print as . Im also familiar with how they dont always represent the current price as well . I have been watching a couple charts with the sbs renkos and have been noticing recurring patterns and S/R definition all day long .
What determines that a bar of sbs renko has completed and how can I determine if its almost complete ? Is there a renko counter ? . I have for example a 2 tick sbs and the bars print sometimes 3,4,5, ticks , random size . I was wondering if anyone can answer this if they dont mind . I compared sbs renko with tick and minute charts bar by bar and they revealed different details I find very useful . Any feedback and experience is appreciated , thanks .