The answer for question you have to discover yourself, some indicators work better with renko bars than with candles, other indicators are worthless in renko bars, you really have to try it yourself.
Stay well.
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DislikedHello tarders Do you have a renko indicator ? and can you tell me for M30 Timeframe Thank youIgnored
DislikedHi, I have been checking out a strategy using a Renko mean live offline chart (indy attached). It shows promissing results when visually backtesting, but I know that Renko can plot history differently to what you would get in live conditions. I assume that the inaccuracy occurrs when the source M1 candle contains a large movement spanning several Renko bricks. Is there a way to accurately backtest? Dave {image}{file}Ignored
Disliked{quote} One time I found a method, but with the new modifications on metatrader i dont know if it works. Here it is: http://forexelite.net/renko-bars-how-to-backtest-renko/ By the way what is the indicator that creates the arrows? And can you post it?Ignored
DislikedFor all you 'Renko', lovers (& I'm one) I have attached an INDICATOR that produces great bricks, & also allows weekend working (Playing!). Attach it the same as all the Renko brick experts: Open a one min chart, & drop the indicator on it. Select your brick size. Open a 2 min chart & there you have it. All expert robots will work with it. Just drop the expert on the 2 min chart. {file} {file}Ignored
DislikedHi, I have been checking out a strategy using a Renko mean live offline chart (indy attached). It shows promissing results when visually backtesting, but I know that Renko can plot history differently to what you would get in live conditions. I assume that the inaccuracy occurrs when the source M1 candle contains a large movement spanning several Renko bricks. Is there a way to accurately backtest? Dave {image}{file}Ignored
Disliked{quote} I have tried to backtest Renko without much luck and read a couple articles that say it is not possible.Ignored
DislikedBlaiserboy You can back test renko if you use a script to create the 5M off line chart, attached. This one is totally adjustable pip wize. Best of luck! {quote} {file}Ignored
DislikedThis one has given no problems. I have the MQ4 file if you need it. George {file}Ignored