RENKO PRICE ACTION ATR is an “Expert Advisor” developed by plotting a Renko chart, where each BRICK has a size calculated through the ATR of the period selected by the user.
Renko charts are designed to filter out minor price movements, which helps traders focus on important trends.
Due to its effectiveness in detecting price trends, it is also possible to clearly identify support and resistance levels, as well as upper and lower divergences, which allows better use of trading opportunities.
Operation
- ATR RENKO PRICE ACTION works with any currency pair.
- RENKO PRICE ACTION ATR has excellent real-time update performance.
- ATR RENKO PRICE ACTION works with any currency pair.
- RENKO PRICE ACTION ATR has excellent real-time update performance.
Settings
- ATR Calculation Timeframe: User-selectable period for RENKO PRICE ACTION ATR to apply the average ATR value and calculate/recalculate the size of each BRICK.
- ATR calculation Averaging Period: User-selected ATR averaging period for RENKO PRICE ACTION ATR to perform size calculations for each BRICK.
- ATR Size Percentage: The percentage of the calculated size that will be used when forming each BRICK.
If you still have questions, please contact me in a direct message.:
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- ATR Calculation Timeframe: User-selectable period for RENKO PRICE ACTION ATR to apply the average ATR value and calculate/recalculate the size of each BRICK.
- ATR calculation Averaging Period: User-selected ATR averaging period for RENKO PRICE ACTION ATR to perform size calculations for each BRICK.
- ATR Size Percentage: The percentage of the calculated size that will be used when forming each BRICK.
If you still have questions, please contact me in a direct message.:
If you still have questions, please contact me in a direct message.:
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