Renko - difference between Fixed Price and Point  [SOLVED]

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Automeq
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Renko - difference between Fixed Price and Point

Postby Automeq » 21 Sep 2017

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 ?

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Anna MultiCharts
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Re: Renko - difference between Fixed Price and Point  [SOLVED]

Postby Anna MultiCharts » 21 Sep 2017

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.


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