SBS RENKO BARS - question

November 17th, 2009, 05:30 PM

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 .

November 18th, 2009, 05:31 AM

Eric look here for a brief explanation on Median Renko, I think It's similar to SBS Renko, or you could pm Roonius as that is his baby.

MedianRenko Trading Technique

You are missing a point.
Renko is from close to close.

Let me explain how MedianRenko works.
Let's assume we have 4 tick setting.

With regular Renko bars that would mean 4 tick brick size.
Many people wanted that they would love to see current price …

November 18th, 2009, 06:21 AM

Thanks Jdella for that . BTW thanks Roonius too for the SbS bars .

SBS RENKO BARS - question

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SBS RENKO BARS - question