Renko: Difference between revisions
From MultiCharts
→Selecting Renko Chart Type
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# Select '''Renko''' from the '''Chart Type''' list. | # Select '''Renko''' from the '''Chart Type''' list. | ||
# Enter the '''Box Size''' in the corresponding boxes. | # Enter the '''Box Size''' in the corresponding boxes. | ||
# Select '''Break on Session''' if you want to see the session breaks. | # Select whether you wnat the box size based on '''Fixed Price''' or '''Percents''' from last box open/close.<br><div style="background-color: #E5F6FF;">'''Example''': If the previous box is green and current price is moving upwards, then the fixed price/percent is calculated based on previous box close (from the right top corner of the box).<br>If the previous box is red and current price is moving upwards, then the fixed price/percent is calculated based on previous box open (from the right top corner of the box).<br>If the previous box is green and current price is moving downwards, then the fixed price/percent is calculated based on previous box open (from the right bottom corner of the box).<br>If the previous box is red and current price is moving upwards, then the fixed price/percent is calculated based on previous box close (from the right bottom corner of the box).</div> | ||
# Select '''Resolution''' for your chart to be based on. It allows you to choose which type of data (for more details see [[Tick, Minute and Daily Data]]) and what detailed resolution will be used for building the boxes.<br><div style="background-color: #E3FBE5;">'''Note''':<br>'''MultiCharts 8.0''' implementation: in real-time no matter what resolution is specified, each next box of the specified size will be plotted once privious box is finished.<br>'''MultiCharts 8.1 and any further version''' implementation: depending on the selected resolution the current box may be huge in real-time and not match your box size, but when the selected in resolution bar (1 day for instance) is closed, you'll see a lot of boxes of the specified box size instead of that huge one.</div> | |||
# Uncheck '''Break on Session''' if you don't want to see the session breaks (not available for daily-based resolutions). | |||
# Uncheck '''Show 'Phantom' Bars''' to see gaps between the bars if the was no such price. | |||
# Check '''Show Wick''' box to see wicks of each bar, demonstrating how the price was moving before the bar close.<br><div style="background-color: #E3FBE5;">'''Note''': Wicks will not be shown on chart until the style is changed to '''Candlesticks'''.</div> | |||
# Check '''Show Real Open''' to see real open price of the box (in this case the box will trigger not from an angle of the prvious box). | |||
# Double-click the symbol, or click '''OK''', to create a chart with the default settings. | # Double-click the symbol, or click '''OK''', to create a chart with the default settings. | ||