TRenkoSeries
Hierarchy Properties Methods Events
Unit
TeeRenkoSeries
Description
The Renko chart financial indicator.
The Renko chart is a trend following technique.
It got its name from a Japanese word "renga" meaning bricks.
In Renko chart line brick is drawn in the direction of the prior move only if prices move by a minimum BoxSize amount which is equivalent to the box size that are always equal in size.
Renko charts are always based on the closing prices.
Renko bricks are drawn after comparing, that day's close with the previous brick (high or low). A "box size" which determines the minimum price change to show is specified.
Copyright (c) 2007 by Marjan Slatinek
