Renko Chart modified

In a normal renko chart a brick is formed when determined pips move in one direction but the brick starts to dissolve when pips start moving in opposite direction and this continues until a new brick is formed when pips move twice the determined value. Is there a renko chart when after forming a brick if price reverses a new opposite brick is formed instead of same brick dissolving. e.g Eur/Usd is at 1.3500. I open a Renko chart with 100 pip brick setting. The price goes to 1.3600 and a green brick is formed, but from there the price reverses back to 1.3500 eating up the green brick. I would like that instead of eating the green brick a new red brick is formed of 100 pips adjacent to the first green brick. In this way we can know how many times the price whipsawed between these two figures.

If you mean this one then look for a Point Original Chart.

If you have MT4, there are several free and commercial indicators that construct the PointO charts. I did not test them all, as this one worked for me well: Omnia Charts

Thankyou very much Halley. Although I've yet to see and make out exactly what you propose, but many thanks for the helping attitude. God Bless and happy trading.

it is same if u use the zig zag

nothing special on renko..

Maybe you should take a look at point and figure charts ( if you don't know it already ), it does just that.