Renko: Difference between revisions
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(Created page with "===Understanding Renko Chart Type=== A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a ...") |
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| Buy next bar at market | | Buy next bar at market | ||
| Order is placed on the first tick of the new bar, i.e. on the Open of the next bar. | | Order is placed on the first tick of the new bar, i.e. on the Open of the next bar. | ||
| Order is placed at the price of the first received tick, this tick may not be a part of the box, in this case the order is displayed not on OHLC of the box but on the price level of the first received tick. | | Order is placed at the price of the first received tick, this tick may not be a part of the box, in this case the order is displayed not on OHLC of the box but on the price level of the first received tick. <br> http://www.multicharts.com/img/wiki/charts/Renko1.PNG | ||
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| Buy this bar at close | | Buy this bar at close | ||
| Order is placed on the last tick of the bar, i.e. on the Close of the current bar. | | Order is placed on the last tick of the bar, i.e. on the Close of the current bar. | ||
| Order is placed on the Close price of the current box. When the box is closed the order is placed at the Close of the box. Last tick of the box may be not included in the box itself, in this case the order is displayed not on in this case price level of the tick but on in this case Close of the box. | | Order is placed on the Close price of the current box. When the box is closed the order is placed at the Close of the box. Last tick of the box may be not included in the box itself, in this case the order is displayed not on in this case price level of the tick but on in this case Close of the box. <br> http://www.multicharts.com/img/wiki/charts/Renko2.PNG | ||
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| Price orders | | Price orders |