Trenko – This indicator uses logic “Renko” and draws a line that represents a predetermined price fluctuation.
Accounted for only one option, to ensure proper functioning of the indicator:
Box Size (pips) = Size boxing Renko, specified in pips
The principle of operation is very simple, regardless of the timeframe. For example, if you set the size of the box Trenko equal to 60 points, and the price rises, Trenko will draw a line only if the price reaches the level of 60 points. If the price goes down, Trenko draw a line only when the price reaches -60 points. If not achieved, none of these extreme values, then draw a line Trenko the flat.
This indicator is useful for intercepting the support and resistance levels as well as for the interpretation of the price changes.
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