Renko bars problem on EUR/USD

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Erik Pepping
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Renko bars problem on EUR/USD

Postby Erik Pepping » 31 Aug 2011

I have made a eur/USD charts with renko bars. The 15 pip bars are not correct.
The 5 pip bars ssem to be. Look at both pictures attached.
Since I want to use 15 pip renko bars this is not good ? What's wrong ?
The renko 1 is the 15 pips bars. There is aboput 2 bars per day. = Not correct.
The renko 5 pips look better, but i'm not sure it is correct either, in MT the picture is completely different
Attachments
renko2.png
renko2.png (105.31 KiB) Viewed 130 times
Renko1.png
Renko1.png (88.33 KiB) Viewed 133 times

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Henry MultiСharts
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Re: Renko bars problem on EUR/USD

Postby Henry MultiСharts » 31 Aug 2011

Hello, Erik. As I can see from the attached screenshot the price scale for the symbol EUR/USD is 1/10.000. That is why when you select the 5 pip bar you have 50 pip bar (and 15 pip are 150pip). Please go to the Quote Manager and double click on the EUR/USD symbol. On the second tab called "Settings" please set the price scale to 1/100.000. Please make a right click on the chart and go to the Format Instrument window and set the resolution to 0.00005 for 5 pip and 0.00015 for 15 pip. Now the 5 and 15 pip bar should be plotted properly.


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