what do resolution and box size each mean in renko chart?

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gztanwei
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what do resolution and box size each mean in renko chart?

Postby gztanwei » 11 Dec 2017

Hi I confused that MC.net renko chart settings seem to be very different than other platforms, and I'm confused what do resolution and box size each mean.
So I have read https://www.multicharts.com/trading-sof ... .php/Renko

When opening renko chart type for the first time, it defaults to:
Resolution: 1 Minute
Box Size: 1 Points
And the chart drawn by this setting on @ES has a lot of gaps between boxes, which looks strange.

but referencing decade old renko chart document: http://stockcharts.com/school/doku.php? ... ysis:renko
renko chart should have box size parameter. time period is irrelevant.

Could you advise?
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gztanwei
Posts: 29
Joined: 15 Aug 2015
Has thanked: 6 times
Been thanked: 4 times

Re: what do resolution and box size each mean in renko chart?

Postby gztanwei » 12 Dec 2017

hi support team, could you advise?


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