Hi
I know that Renko charts are time independent, but I am wanting to do the following and wondered what Renko size might be close.
I like to spot head + shoulders patterns on a 4h chart and wondered what size Renko brick size might get a rough approximation of a 4h chart. I know it won't be anywhere exact, but Renko is easier for things like H+S and I just want to try and get within a ballpark
cheers
honkin
I know that Renko charts are time independent, but I am wanting to do the following and wondered what Renko size might be close.
I like to spot head + shoulders patterns on a 4h chart and wondered what size Renko brick size might get a rough approximation of a 4h chart. I know it won't be anywhere exact, but Renko is easier for things like H+S and I just want to try and get within a ballpark
cheers
honkin