Renko Range Detector

Indicator: Renko Range Detector

• Detects and displays the fixed size of the Renko Bar/Candle range on the Renko offline chart.
• Fast and easy identification of chart parameters facilitates trading efficiency.

Note: This indicator is intended for use with Renko Bars/Candles, not Standard Bars/Candles.

1. Renko Bars/Candles all have the same fixed range value from open to close.
2. Note for newbies: A Renko offline charts are generated from a Scripts or Indicators, or Expert Advisor running on an M1 chart
3. Abundant additional information is available on the internet.

Renko Range size calculation: Open – Close for the down bar. Close – Open for the up bar.