Introducing RenkoSpectrum   Bar Chart 3.0

(Adaptive)

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Renko Spectrum 3.0 Chart Description

New to this version is the charts ability to automatically adapt to price changes due to market gaps and session breaks.

3.0 automatically extends the current bar to include any market gaps in real time.

Prior versions of this product create as many bars as necessary to jump the gap.

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As with all of our 2.0 and 3.0 version bar charts, this product utilizes true bar open, bar high, bar low, and bar close in live market, replay, and back testing scenarios.

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This Renko Bar Chart Utilizes a Two Variable System

Each variable is calculated independently from the other.

Both variables are calculated directly from instrument price ticks.( No funky math stuff )

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Variable One – Bar Body Renko

This variable sets the number of instrument price ticks for the bar body height.

This adjustment  determines how many ticks of “price movement” is absorbed into the bar body height.

Variable Two – New Bar Renko

This variable determines when a new bar is to be created.

This occurs when the prior bar’s ends in either direction is exceeded by  New Bar Renko number on the current bar.

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(Please review Disclaimer prior to ordering product)

Order Ninjatrader 8 Purchase of this product.