Red Renko candle and green volume bar?
And why not ? volume has nothing to do with Renko bar. A green volume bar just mean the volume on this bar was higher than the previous bar.
Alain Verleyen:
And why not ? volume has nothing to do with Renko bar. A green volume bar just mean the volume on this bar was higher than the previous bar.
And why not ? volume has nothing to do with Renko bar. A green volume bar just mean the volume on this bar was higher than the previous bar.
I think this is exactly the answer I needed - explains everything. Thanks Alain!
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Guys, how do I interpret this: Renko candle is red (bearish) and volume bar is green (bullish)? What does it mean?
Note: these are Renko bricks, I'm using OVO.CZ to display them. And Volume indicator is the Volume indicator standard for MT4.