Indicators: Renko Range Detector

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Renko Range Detector:

Detects and displays the fixed value of Renko Bars/Candles.

Author: file45

 

Why keep re-setting a Scrip, Indicator or EA default parameter from, say, 34 to 50 ? Permanently change the default setting to 50 or make a copy with default 50 !

See HERE for instruction. It's dead easy ! - author: file45

 

I want to use it on the standard time chart. I think it can "measure" the strength on the time frame.

I.E. when the size of the bar on the time frame is big, that mean there is strength or movement in the chart. When the market is quite the size of the bar is small.

So if you can show the average of the last eg. 10 candles or 20 candles one can estimate the strength or volatility of the chart.

So hope you can modify this indicator to indicator the bar strength or power.

Thank you so much for sharing all your other indicators.

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