Using PureLogik Renko bars that can adjust size to current market. Is there an indicator that can show an average brick size over xx number of bars? Similar to ATR but only uses the brick size. Thansk

xvictorx 

Using PureLogik Renko bars that can adjust size to current market. Is there an indicator that can show an average brick size over xx number of bars? Similar to ATR but only uses the brick size. Thansk

Range with a SMA (median instead of close).

Miesto 

Range with a SMA (median instead of close).

Thanks for quick response. Not sure how to apply your solution.

I believe Renko Brick size = (bar close - bar open) in ticks and I would like the average of xx bars.

xvictorx 

Thanks for quick response. Not sure how to apply your solution. I believe Renko Brick size = (bar close - bar open) in ticks and I would like the average of xx bars.

Add the Range indicator to Panel 2 > Add SMA > select Input series 'Edit input...' > select indicators > select Range > select Price type = Median > Set Panel to 2 (same as Range) > OK.

The range indicator will show the range of each bar. The SMA will show the average range over chosen Period.

See screenshots, 8 Renko over a period of 10 bars is an average of 8 ticks or 2 points.

Chart - ES 8 Renko


Range_Properties


SMA_Properties

Miesto 

Add the Range indicator to Panel 2 > Add SMA > select Input series 'Edit input...' > select indicators > select Range > select Price type = Median > Set Panel to 2 (same as Range) > OK. The range indicator will show the range of each bar. The SMA will show the average range over chosen Period. See screenshots, 8 Renko over a period of 10 bars is an average of 8 ticks or 2 points. Chart - ES 8 Renko Range_Properties SMA_Properties

Thanks again
This works great but I need an indicator that I can use in BloodHound.