Renko count down timer

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  • 08/07/2020 at 6:35 PM #141109 quote
    bearbull
    Participant
    Average

    Can Renko Blocks have a count down timer? In particular in tick format?

    08/08/2020 at 9:33 AM #141144 quote
    GraHal
    Participant
    Master

    You might get an answer if you explain a little what you mean by a count down timer and how it is applied to renko blocks?

    08/08/2020 at 10:49 AM #141152 quote
    bearbull
    Participant
    Average

    Hi GraHal,

    Yeah you’re right, a bit vague in my question.

    In candle format, you have a little box with the price which counts down the candle till it is closed, whether in 4hr, 1hr, 10 minute, 3 minute etc etc. It even works if you set the time to tick format.

    But I don’t seem to be able to activate it in Renko bricks, so that I can see when the Renko brick closes?

    Thanks Mike

    08/08/2020 at 11:29 AM #141153 quote
    GraHal
    Participant
    Master

    The renko brick is dependent on price difference since the last box so how can you count down to such a condition (unless you have a crystal ball? 🙂 ) ?

    Renko brick is not time-based and so cannot count down (like a candle which is time based).

    08/08/2020 at 11:31 AM #141154 quote
    bearbull
    Participant
    Average

    aha…………… yes you’re right, thanks for that.

     

    Mike

    08/08/2020 at 11:33 AM #141155 quote
    bearbull
    Participant
    Average

    So…………………..the only way to be alerted of a certain Renko Brick formation would be via an alarm of sorts?

    08/08/2020 at 4:49 PM #141162 quote
    GraHal
    Participant
    Master

    Yes you could set a price level alert and receive a push notification to your mobile via the IG App … I do it often, not for Renko but generally.

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Renko count down timer


General Trading: Market Analysis & Manual Trading

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bearbull @bearbull Participant
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This topic contains 6 replies,
has 2 voices, and was last updated by GraHal
5 years, 7 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 08/07/2020
Status: Active
Attachments: No files
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