In Renko charts Settings, field Box Size, we have Fixed Price and Points.
I see that in ES (S&P futures) if I select Fixed price = 1 it is displaying briks = 1 point.
However if I select Points = 1 it is displaying briks = 0.25 points (and not 1 point)
I tested also in AAPL and Fixed Price = 1 means brik size = 1 USD
Points = 1 means brik size = 0.01 USD
So, I guess that the field Points mean, in fact, ticks. Is this correct ?
Renko - difference between Fixed Price and Point [SOLVED]
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Re: Renko - difference between Fixed Price and Point [SOLVED]
Hello, Automeq!
In MultiCharts a point is viewed as the minimal price change which can be calculated as Min Move multiplied by Price Scale (those are symbol parameters that can be found in QuoteManager -> right-click on the symbol -> Settings tab), while a tick is considered to be any price change.
In MultiCharts a point is viewed as the minimal price change which can be calculated as Min Move multiplied by Price Scale (those are symbol parameters that can be found in QuoteManager -> right-click on the symbol -> Settings tab), while a tick is considered to be any price change.