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
renko2.png (105.31 KiB) Viewed 130 times
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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