Renko Percent Bars  [SOLVED]

Questions about MultiCharts and user contributed studies.
Emerald King
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Renko Percent Bars  [SOLVED]

Postby Emerald King » 31 Jan 2016

Hello MC,

2 Questions;
1). Can you provide me with the formula you use to create Renko Bars by Percent?
2). When will your Scanner Window support Instruments with other than OHLC bar types?

Thank you for your Time
EK

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Henry MultiСharts
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Re: Renko Percent Bars

Postby Henry MultiСharts » 03 Feb 2016

Hello Emerald King,

Renko bar closes when the price changes for the specified amount of percents compared with the previous close price. For example 1% is specified in the settings. First box height is 1% between the High and the Low of the selected Resolution. Next box will be formed when the price goes up or down for 1% from the top or the bottom corner of the box.
For more information please refer to the Renko chart type in the Wiki section.

As for adding custom chart types to the scanner window - this is not something that is in our to-do list at the moment.

Emerald King
Posts: 10
Joined: 17 Nov 2005
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Re: Renko Percent Bars

Postby Emerald King » 03 Feb 2016

Hello Henry,

Thank you for responding.
EK


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