NY
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
Posts: 2,507 since Jun 2009
Thanks Given: 1,396
Thanks Received: 2,576
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Im familiar with renko bars and the stacked " bricks " they print as . Im also familiar with how they dont always represent the current price as well . I have been watching a couple charts with the sbs renkos and have been noticing recurring patterns and S/R definition all day long .
What determines that a bar of sbs renko has completed and how can I determine if its almost complete ? Is there a renko counter ? . I have for example a 2 tick sbs and the bars print sometimes 3,4,5, ticks , random size . I was wondering if anyone can answer this if they dont mind . I compared sbs renko with tick and minute charts bar by bar and they revealed different details I find very useful . Any feedback and experience is appreciated , thanks .
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