Discussion about Renko : (from Varun's thread)

[kingkrunal]

It’s only Ami and the value read from the chart!

renko works with the price range given right... so what is the range like is it 5 points or 1 points ?

 

[doss186]

In last trade of nifty it’s around 52 points but it changes automatically as per Atr.

 

[kingkrunal]

In last trade of nifty it’s around 52 points but it changes automatically as per Atr.

52 points in tick data cannot give that many bars in renko... U sure that is pure renko ?

 

[doss186]

52 points in tick data cannot give that many bars in renko... U sure that is pure renko ?

Each 52 point brick is subdivided by 16 to form sub brick of size available in the title info.

 

[doss186]

For the evening fun my renko system tell to short on Nickel. As you can see clearly the buytrigger is @944.29. It should hit the average daily profit @934. Let's watch.

 

[kingkrunal]

Each 52 point brick is subdivided by 16 to form sub brick of size available in the title info.

sorry so what is pm brick and sub brick ?

 

[doss186]

sorry so what is pm brick and sub brick ?

Friend there is no pm brick, pm stands for time, brick stands for the bricksize used in trading. sub brick is brick/16.

 

[kingkrunal]

Friend there is no pm brick, pm stands for time, brick stands for the bricksize used in trading. sub brick is brick/16.

i was referring to top line in your chart
PM BRK and SUB Brk.. and what is the loss ratio.. i can see only profit details mentiond on below left chart

 

[doss186]

i was referring to top line in your chart
PM BRK and SUB Brk.. and what is the loss ratio.. i can see only profit details mentiond on below left chart

If we follow the system in positional there will be some loss due to gap up and gap down. But loss made in intraday is very minimal and that happens in NR4 or NR7

 

[singsanjay09]

For the evening fun my renko system tell to short on Nickel. As you can see clearly the buytrigger is @944.29. It should hit the average daily profit @934. Let's watch.

Hello doss186, I think we need tick by tick data to construct Renko or constant range bar chart, btw who is your data provider?