Renko Timeframe Changing Renko Chart - page 2

[Yusuf Junio]

NITIN SAHU:

you know that renko based on price not on the time it is half truth

box size and number of box formed is independent of time only depend on price

but greyed box become permanent box is time dependent

means that if you use indicator on renko chart it depend on the permanent boxes not the greyed boxes so indicators seems good in backtest in renko actually fail in real trade situation

suggestion -use smallest time frame means in seconds then use small boxes for momentum trading or small and frequent trading or use smallest time frame with large box size for trend based trading

thank me later...............

helo sorry if its dumb question of mine and inaccurately referring on your reply, but lets say i use 300 pip box in renko and i use daily time frame.  Are all the data it shown in past  inaccurate because i use bigger timeframe and relatively small box size? i mean look at this beauty.