PureLogikTrading – LogikUltimateRenko

Keywords List

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price

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bar

Summary

• Archive: PureLogikTrading - LogikUltimateRenko Open Offset Parameter Traditionally, the opening price of a renko bar is printed at the close of the prior bar.

• The effect of this is that the price must move one full bricksize in order to print a new bar.

• The LogikUltimateRenko changes this.

• The LogikUltimateRenko grants the ability to choose at what location with respect to the prior bar should a new bar opening price print.

• This is given by a percent (%) within the range of a full bricksize.