Traditional price bar like renko/range bar only care start/close, not care the procedure,which means interpolation calculation method. Renko/range bar is not REAL price bar.
Suppose set price bar 10 pips. Please see the attachment , price up frome point x direct to point y, there is no problem. However, from point y to point z, price hover between y and z.
For traditional renko ,it does not care , but my new bar care such procedure.
price from
1.2010
1.2013
1.2007
1.2008
then a new bar c formed. then
1.2012
1.2010
1.2014
a new bar d formed.
this require the price indicator remember the price action like tick bar remember the trasaction.
Anyone could write the indi like what I said above?
Suppose set price bar 10 pips. Please see the attachment , price up frome point x direct to point y, there is no problem. However, from point y to point z, price hover between y and z.
For traditional renko ,it does not care , but my new bar care such procedure.
price from
1.2010
1.2013
1.2007
1.2008
then a new bar c formed. then
1.2012
1.2010
1.2014
a new bar d formed.
this require the price indicator remember the price action like tick bar remember the trasaction.
Anyone could write the indi like what I said above?
Attached Image (click to enlarge)
