i have a very basic question regarding Renko charts. Instead of using pip value to define a brick size, can we use percentage value instead?
I feel that if we use 2pip value for a small value stock like Ashokleyland, then it might work fine. But if we use the same for high value stocks like TCS, then it would move very very fast.
So logically percentage value should solve the problem. Please let me know your views on it??
I feel that if we use 2pip value for a small value stock like Ashokleyland, then it might work fine. But if we use the same for high value stocks like TCS, then it would move very very fast.
So logically percentage value should solve the problem. Please let me know your views on it??