A type of chart, developed by the Japanese, that is only concerned with price movement – time 100 pips forex gainer download volume are not included. 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 predefined amount. Green bricks are used when the direction of the trend is up, while red bricks are used when the trend is down.
Added option to plot defined number of bricks. Added option to choose colors for bricks. Updated reference mode for better performance. Overlay set to true by default. 2016Added High and Low values into outputs. Defines height of one brick in pips.
Bricks To Show – Defines how many bricks will be plotted. Zoom Level – Adjusts width of bricks for defined zoom level. Bullish Color – Sets color of bullish bricks. Bearish Color – Sets color of bearish bricks.