Renko bars count only ticks or pips, so if a Renko bar is set to 10 pips, you will only see a new candle appearing on your charts if the price moves higher or lower (depending on the trend direction) by 10 pips. Now, Renko Bars are different, because they measure only volatility and price action. You will still see one new candle every hour. It does not matter if the price moves only 1 or 100 pips per hour. If you set your charts to a 1 hourly time frame for example, a new candle will appear every hour. What is the difference between Renko Bars and Classic Candles? Renko bars are not based on time increments as with the classic candle sticks on your chart. 23 Long & Short Renko 123 Setup Examples. 16 Day Trader Settings & Rules for short (sell) trades. 16 Day Trader Settings & Rules for buy (long) trades. 12 Day and Swing Trading with Renko Bars.
8 The Spartan FX Renko bar Scalping System. What is the difference between Renko Bars and Classic Candles?. I dedicate this eBook to all Traders who like things simple, powerful and to the point!
0 kommentar(er)
