DislikedSir,
How much time take to close Renko M2 Candile?
Happy Holidays...Ignored
Cool name... Petar busy right now asked me to answer for him.
There is no time relationships on renko charts just price action only.
A brick can take a few seconds to several hours to complete, no time limit or minimums.
Lou G. made an indicator to help you see time it takes a renko brick to form but I found out volume indi matches up same identical to it. The greater the volume the longer it may take for a brick to form I guess, but haven't looked at it this way in a long while.
later,
45
PS: If you need more info on renko charts to get started, there are a lot of threads at FF on the subject now, or just google renko charts.
PSS:
Ok maybe not so idential I tried to compare again on differnt pair then last time.
Before someone else points it out again one of the renko_am indis not supposed to work on renko commercial version or something to that affect & don't remember which one works with what, but looks like this one is working on my chart at the moment, & just posting for example question.
Maybe if some kind a relationship can be found between volume & time it takes a renko brick to form maybe can help trader, I don't know didn't see any difference between the two last time I looked into it.
PSSS:
If a renko brick is taking forever to form then market is very very slow &/or probably ranging on the time based charts. Forgot to add, I set the renko_am to 240 minutes in case anyone was wondering.