Incandenza
Member
- Joined
- Jan 5, 2023
- Posts
- 17
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- 2
Can someone please point me to the documentation for the "hybrid renko" and "NT Renko" bar types? I can't find anything on the site or in the forum about them except for two sentences about hybrid renko: "This new type of bar is similar to a Renko bar but adds a 'reversal' interval that applies when the trend changes direction. Options are available for showing the tails (real high/lows) and normalizing of the bars (each bar is artificially set to the reversal size)."
That explanation doesn't exactly square with what I'm seeing on the chart, and I'd like to understand in more detail. If there's no documentation, can someone explain what the settings mean? For Hybrid Renko how do the 'interval' and 'reverse' settings change the chart? How about "show range outline"? Where does it come from, and what's its significance? For NT Renko there's just a link to newbie trader's website. Thanks in advance to anyone who can help me understand these.
That explanation doesn't exactly square with what I'm seeing on the chart, and I'd like to understand in more detail. If there's no documentation, can someone explain what the settings mean? For Hybrid Renko how do the 'interval' and 'reverse' settings change the chart? How about "show range outline"? Where does it come from, and what's its significance? For NT Renko there's just a link to newbie trader's website. Thanks in advance to anyone who can help me understand these.