Renko Range Detector
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.
- Renko Bars/Candles all have the same fixed range value from open to close.
- Note for newbies: A Renko offline charts are generated from a Scripts or Indicators, or Expert Advisor running on an M1 chart
- Abundant additional information is available on the internet.
Renko Range size calculation: Open – Close for the down bar. Close – Open for the up bar.