Renko Brick consistency
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Again, firstly, many thanks for the superb program you have developed. I was wondering if at some time it might be possible to have Renko bricks that are consistent with previous levels. That is, the levels of bricks previously recorded are the same across the chart history.
At the moment, I think that maybe the 1% levels add on one percent going up, and then deduct one percent going down, which is mathematically at different result. Please see the attached example from another program, where I believe the 1% down is calculated back rather than a 1% fall added. i.e. 50% up and 50% down are not the same thing, but in Renko terms a 1% increase and a 1% brick retracement (IMHO in my humble opinion) should level out as the same…
Anyway, your thoughts may differ, but I thought I’d mention it – keep up the great work! Thank you.
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