Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm looking for something that can tell me the average time the renko bars are taking to complete for the last 60 minutes to help decide if I should be trading or not. For example if the renko bars are taking more than 5 minutes to complete than I'm not trading if taking less than that's when I want to be trading.
Thanks.
Can you help answer these questions from other members on NexusFi?
Have a look at the Bar Time Duration study. You could apply a MA to this, but it would not be based on elapsed time if used on a renko chart.
If you really need a 60 min average of renko bar time durations, it could be done with the Spreadsheet Study study. If you are interested in this solution, post here again and I'll share how to do it.
I try to overlay a 12 period simple moving average but somehow it goes flat ( horizontal) I tried with different optional settings to no avail. The 12 period would tell me if the bars are completing under 5 minutes! I also tried to draw a horizontal line at exactly 5 minutes and that would work also but somehow the horizontal bar it will not stay in place either.