TradingView
FritzHaber
Mar 16, 2019 2:30 AM

Choosing the brick size for renko charts Education

DAX IndexXETR

Description

How to choose the brick-size of a renko chart for the best results with your strategy.
Comments
clickbrain
Thank you again. The tools are excellent. Appreciate you providing. How do I set the time frame for the strategy test? Right now it is going back to 2017 and would like more recent history.
TechFille006
This is completely false, you could not backtest renko like this. Because, we will enter at a green brick (at the close), but if the next brick is red we will get an alert that would sell our position 2 times the bar down. Example, we have brick size of 5, enter at a green brick close with dax price of 15800, next brick is a red one, meaning it has gone down 10 points. The signal will trigger and we will sell with a loss of 10points, while the tradingview thinks we only lost 5points.
TechFille006
Interesting, I thought it was ATR value/2 in traditional like the Japanese did.
tomasog
Hi! Just saw the video and it looks good. But where can I set the timeframe in the Renko Reversal Zigzag Strategy like you do it in the video 13:31 minute? Hope to hear from you and thanks again for the script.

Cheers
Thomas
art76
Do you know how to get a single value of birck size using ATR 14 same as in tradingview ?
Cuisso
is this a dollar store mic ?
vij_nair
Wouldnt the Fixed Box size backtesting be skewed, since box size would either be too small or too large over the years (as the price grows or shrinks)
More