ChrisMoody

New Type of Indicator. Renko Overlay Bars.

AMEX:SPY   SPDR S&P 500 ETF TRUST
CM_Renko Overlay Bars V1

Overlays Renko Bars on Regular Price Bars.

***Color of Renko Open and Close Lines Change Based on Direction.

Default Renko plot is based on Average True Range. Look Back period adjustable in Inputs Tab.

If you Choose to use "Traditional" Renko bars and pick the Size of the Renko Bars the please read below.

Value in Input Tab is multiplied by .001 (To work on Forex)
1 = 10 pips on EURUSD - 1 X .001 = .001 or 10 Pips
10 = .01 or 100 Pips
1000 = 1 point to the left of decimal. 1 Point in Stocks etc.
10000 = 10 Points on Stocks etc.
***V2 will fix this issue.

Aviso legal

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